Assuring Medicare’s Promise Act

Assuring Medicare’s Promise Act

This bill increases net investment income tax revenues by applying such tax to the trade or business income of certain high income taxpayers and includes the increased tax revenues in the Federal Hospital Insurance Trust Fund.

Bill 117 hr 8323, also known as the Assuring Medicare's Promise Act, was introduced in the US Congress with the aim of ensuring the long-term sustainability of the Medicare program. The bill seeks to address various challenges facing Medicare, such as rising healthcare costs and an aging population.

One of the key provisions of the bill is the establishment of a Medicare solvency commission, which would be tasked with developing recommendations to improve the financial stability of the program. The commission would be composed of experts in healthcare policy, economics, and finance, and would be required to submit a report to Congress outlining its findings and recommendations.

Additionally, the bill includes measures to strengthen Medicare's ability to negotiate drug prices with pharmaceutical companies, in order to lower costs for beneficiaries. It also seeks to expand access to telehealth services for Medicare recipients, particularly in rural and underserved areas. Overall, the Assuring Medicare's Promise Act aims to ensure that Medicare remains a viable and sustainable program for current and future generations of Americans. It addresses key issues facing the program and proposes solutions to improve its financial stability and efficiency.