Increased Medicare Spending Transparency: Healthcare Cost Comparison
This act aims to increase transparency in the Medicare program's expenditures. It will provide citizens with access to detailed data on healthcare costs across different regions and for various beneficiary groups, enabling them to better understand how money is spent and compare options. These changes will facilitate informed decision-making regarding health insurance.
Key points
Public Medicare expenditure data: Starting in 2025, the Centers for Medicare & Medicaid Services (CMS) website will publish detailed Medicare expenditure information, broken down by county and Metropolitan Statistical Area.
Comparison of Medicare plan costs: The act requires a comparative analysis of average expenditures between traditional Medicare and Medicare Advantage plans, considering differences in benefits and demographics.
Detailed reports for citizens: Reports will include expenditure data for various categories of Medicare beneficiaries, allowing for a better understanding of where funds are allocated.
Access to historical data: Starting in 2025, reports will include Medicare enrollment data from previous years (since 2015), also broken down by region.
Introduced
Citizen Poll