1. Short title This Act may be cited as Matt’s Act . 2. Insulin net price protection (a) Publishing of net price by manufacturers (1) In general A manufacturer of an insulin drug shall, on a quarterly basis, publish on the internet website of such manufacturer the average net price of each such insulin drug for the preceding calendar quarter. (2) Enforcement In the case that a manufacturer of an insulin drug fails to comply with paragraph (1), a Federal agency or program may not make payment for such insulin drug of such until such manufacturer complies with such paragraph. (b) Net price for insulin drugs for certain individuals (1) Application to PHSA plans Subpart 1 of part A of the Public Health Service Act ( 42 U.S.C. 300gg et seq.) is amended by adding at the end the following new section: 2730. Net price for insulin drugs (a) Availability of net price With respect to plan years beginning on and after January 1, 2021, a health insurance issuer offering group or individual health insurance coverage shall provide a participant, beneficiary, or enrollee who has diabetes access to an insulin drug at— (1) the lesser of— (A) the 10 percent of the average net price for such drug published pursuant to section 2(a) of Matt’s Act, plus the average charges for distribution and dispensing described in subsection (c) for such drug; (B) the coinsurance amount for an insulin drug under the health insurance coverage under which such an individual is a participant, beneficiary, or enrollee would otherwise be responsible notwithstanding this section; or (C) $20