Bill 118 hr 5380, also known as the "Medicare Advantage Data Transparency Act," aims to make changes to title XVIII of the Social Security Act in order to enhance the transparency of data related to supplemental benefits provided under Medicare Advantage plans.
The bill seeks to require Medicare Advantage organizations to disclose more detailed information about the supplemental benefits they offer to beneficiaries. This includes providing data on the types of benefits offered, the cost of these benefits, and any restrictions or limitations that may apply.
By increasing transparency around supplemental benefits, the goal is to help Medicare beneficiaries make more informed decisions when choosing a Medicare Advantage plan. This information can also be valuable for policymakers and researchers in evaluating the effectiveness and impact of these benefits on patient outcomes and healthcare costs.
Overall, the Medicare Advantage Data Transparency Act aims to improve accountability and oversight within the Medicare Advantage program, ultimately leading to better outcomes for beneficiaries and a more efficient use of taxpayer dollars.