Save Medicare Act
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This bill would rename Medicare Advantage to the Alternative Private Health Plan program and penalize the use of Medicare in plan titles.
What it does
This bill proposes to rename the Medicare Advantage program as the Alternative Private Health Plan program. It would also establish civil penalties for organizations that continue to use the term "Medicare" in the titles of advertisements for these private health plans.
Who is affected
This bill affects private health insurance entities that currently offer Medicare Advantage (MA) plans, as these plans would be renamed to the Alternative Private Health Plan program. Additionally, entities that continue to use the term "Medicare" in the titles of these private plans for advertising purposes would be subject to new civil penalties.
Key provisions
- Renaming of Medicare Advantage. The bill renames the Medicare Advantage (MA) program as the Alternative Private Health Plan program.
- Civil penalties for unauthorized program titles. The legislation establishes civil penalties for entities that continue to use the term "Medicare" in the title of advertisements for Medicare Advantage plans.
Fiscal impact
Not applicable: No CBO cost estimate available
Effective dates
Not applicable: Official Summary does not address effective dates
Relationship to existing law
The bill modifies the existing Medicare Advantage (MA) program by renaming it the Alternative Private Health Plan program and establishes new civil penalties for entities that use the term "Medicare" in the titles of these private plans.
Stated purpose
The bill aims to distinguish private insurance options from traditional Medicare by renaming the Medicare Advantage program to the Alternative Private Health Plan program and prohibiting the use of the term "Medicare" in the titles of such private plans.