Accountability for Long Term Medicare Solvency Act

Bill 118 s 2164, also known as the Accountability for Long Term Medicare Solvency Act, is a piece of legislation introduced in the US Congress. The main goal of this bill is to address the long-term solvency of the Medicare program, which provides health insurance to millions of Americans, particularly those aged 65 and older.

The bill aims to increase accountability within the Medicare program by requiring the Centers for Medicare and Medicaid Services (CMS) to submit an annual report to Congress detailing the financial status of the Medicare Trust Funds. This report would include projections for the next 75 years, as well as recommendations for ensuring the long-term solvency of the program.

Additionally, the bill calls for the establishment of a bipartisan commission to study and make recommendations on ways to improve the financial stability of Medicare. This commission would be tasked with examining various aspects of the program, such as eligibility requirements, benefit structures, and payment rates to providers. Overall, the Accountability for Long Term Medicare Solvency Act seeks to address the financial challenges facing the Medicare program and ensure its sustainability for future generations. By increasing transparency and accountability, the bill aims to protect the health care coverage of millions of Americans who rely on Medicare for their medical needs.