To amend the Public Health Service Act to speed American innovation in research and drug development for the leading causes of death that are the most costly chronic conditions for our Nation, to save American families and the Federal and State governments money, and to help family caregivers.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Spending Reductions through Innovations in Therapies Agenda Act of 2012'' or the ``SPRINT Act''.
SEC. 2. FINDINGS.
Congress finds as follows: (1) Half of health care expenses in the United States are spent on 5 percent of the population. Many of the most expensive health conditions to treat are also the leading causes of death. (2) Improving a patient's quality of life by developing innovative treatments that improve health outcomes and lead to a cure will improve productivity in the United States, reduce government spending, and enhance public health. (3) More than a quarter of all Americans--and 2 out of 3 older Americans--have multiple chronic conditions, and treatment for these individuals accounts for 66 percent of the health care budget of the United States. (4) Alzheimer's disease and related dementias, for instance, have a disproportionate health and economic impact on patients, particularly those suffering from multiple chronic conditions. In 2004, Medicare payments per person for beneficiaries aged 65 and older with Alzheimer's disease and other dementias were almost 3 times as...