To amend title XVIII of the Social Security Act to address significant under projection of MA local area growth due to wage index reclassification.
This bill corrects payment calculations for Medicare Advantage (MA) plans in service areas where wage index increases exceeded 20% in prior years, addressing an underestimation in growth projections. It requires the Medicare Secretary to adjust 2025 and prior year (back to 2024) payment growth rates for affected plans to reflect actual local wage trends. The adjustment applies specifically to MA local plans in service areas with significant average wage index increases. This ensures payments better match actual cost growth in those regions, with changes implemented immediately for 2025 rates.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2024
Committee Review
Floor Vote
President
Introduced May 23, 2024
Last action Dec 17, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
3
Dec 17, 2024
Committee
Referred to the Subcommittee on Health.
lower
May 31, 2024
Committee
Referred to the Subcommittee on Health.
lower
May 23, 2024
Committee
Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
lower
May 23, 2024
Introduced
Introduced in House
lower
1 primary · 7 co-sponsors
Sponsors
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