Protecting Medicaid Beneficiaries Act of 2023

This bill requires all states to apply a uniform asset test to every Medicaid applicant and recipient, removing previous exemptions for people based on age, blindness, or disability. It ties the asset limit to the Supplemental Security Income (SSI) program's maximum resource threshold, meaning individuals with assets exceeding SSI limits would lose eligibility (except for pregnant/postpartum women and children under 19, who retain continuous eligibility). States must implement electronic asset verification systems within one year and report on eligibility determinations, including asset checks conducted. The bill also mandates the federal government track savings from these verification efforts and requires states to submit compliance reports to Congress.