DEMOCRATS INTRODUCE SAVING MEDICARE ACT TO STOP INSURERS' PROFITEERING OFF MEDICARE
The following information was released by the office of Texas Rep.
Today,
"Despite their early claims of greater efficiency and lower costs, Medicare Advantage has never saved a penny.It actually costs taxpayers more each year while offering consumers less. This unjustified, costly advantage private Medicare Advantage insurers receive must be ended to save taxpayers and end the disadvantage for Traditional Medicare," said
"Medicare Advantage insurers have been getting away with robbing the American people for far too long. The Saving MEDICARE Act would finally start to level the playing field between Medicare Advantage and Traditional Medicare by preventing insurer payment shenanigans and enhancing oversight of insurers," said
"The Saving MEDICARE Act would be an important first step towards righting the Medicare ship and strengthening the traditional Medicare program" said
"Medicare Advantage is neither Medicare nor an advantage. It is simply another mechanismBig Insurance uses to pad their profitswith taxpayer dollarswhile the majority of Americans continue to strugglewith skyrocketinghealth care costs.
Medicare Advantage has remained much more expensive than Traditional Medicarewith the nonpartisan, independent
The Saving MEDICARE Act would:
Prevent upcoding by:
Excluding diagnosis codes collected from chart reviews and health risk assessments, as recommended by MedPAC.
Requiring CMS to review diagnosis codes annually as part of the Medicare Advantage payment rulemaking, and eliminate or adjust codes that are most likely to be abused.
Prohibiting percentage of premium contracts and other financial incentives for providers to add unnecessary diagnosis codes, as recommended by the
Creating a MedPAC study on establishing an alternative risk adjusted payment system based on consumer survey data, as recommended by the
Improve benchmark payments by:
Establishing a favorable selection payment adjustment, as recommended by the
Eliminating the county quartile system, as recommended by MedPAC.
Eliminate frivolous payments by:
Ending the failed Quality Bonus Program, as recommended by the Medicare Rights Center.
Permitting the
Enhance oversight by:
Establishing timelines for completion of Risk Adjustment Data Validation (RADV) audits and requiring plans to help finance audits, as recommended by the
Permitting state insurance commissioners to enter into agreements with CMS to share enforcement authority over Medicare Advantage plans, as recommended by the
A 10-year savings estimate of
Endorsing organizationsinclude
Original Cosponsors:Reps. Ansari, Balint, Carson, Casar, Chu, Clarke, Cleaver, Cohen,


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