TIMED Act of 2024

HR 8849, the TIMED Act of 2024, sets a 10-year limit on Medicare coverage for items or services approved under "coverage with evidence development" (CED), requiring the Medicare Secretary to review these decisions after a decade unless exceptions apply (e.g., if the item is deemed necessary or the provider requests an extension). The bill also mandates that Medicare explain why a coverage request was rejected, specifying missing information within 90 days, and requires local coverage decisions to align with national policies, laws, and coding rules. It allocates $1 million for fiscal year 2024 to implement these changes, including posting annual data on CED-covered items on Medicare’s public website. This directly affects Medicare beneficiaries and healthcare providers relying on CED approvals for new treatments or technologies.