Medicare-X Choice Act: Lower Costs, Broader Health Coverage Access
This act establishes a new public health plan, Medicare-X Choice, available from 2028 in individual and small group markets. It aims to provide citizens with access to quality healthcare at lower costs by expanding tax credits and negotiating prescription drug prices. These changes are designed to make health insurance more accessible, especially for families and lower-income individuals.
Key points
New public health plan, Medicare-X Choice, available from 2028, offering coordinated and low-cost care.
Expansion of health insurance tax credits, removing the 400% poverty line income cap and addressing the "family glitch," making affordable insurance accessible to more families.
Government authority to negotiate prescription drug prices, potentially lowering medication costs for patients.
Requirement for healthcare providers participating in Medicare or Medicaid to also participate in Medicare-X Choice, with an opt-out option under exceptional circumstances.
Strengthening antitrust enforcement in healthcare markets to foster competition and reduce costs.
Funding of $2 billion for plan establishment, administration, technology development, and data collection to set fair premiums.
Introduced
Additional Information
Print number: 119_S_3369
Sponsor: Sen. Bennet, Michael F. [D-CO]