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The TIMED Act of 2024 amends Medicare's coverage determination processes. It requires the Secretary of Health and Human Services to initiate a redetermination of items or services covered under 'coverage with evidence development' within 10 years, with exceptions if the item is deemed reasonable and necessary or if an extension is requested. The bill also requires the Secretary to explain rejections of national coverage determination requests within 90 days and to ensure local coverage determinations do not conflict with applicable laws and policies. The bill authorizes $1 million in funding for fiscal year 2024 to implement these changes.
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