3.0.0 2906 2023-01-14T22:48:36Z 2023-01-14T22:48:36Z Senate S S 2004-10-06 108 ssfi00 Finance Committee Senate Standing Referred to 2004-10-06T23:31:45Z 2004-10-06 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR 10/7/2004 S10580-10581) IntroReferral 2004-10-06 Sponsor introductory remarks on measure. (CR 10/7/2004 S10579-10580) IntroReferral B00100 9 Library of Congress 2004-10-06 Introduced in Senate IntroReferral 10000 9 Library of Congress B000468 Sen. Bingaman, Jeff [D-NM] JESSE BINGAMAN D NM FRANCIS N M000702 Sen. Mikulski, Barbara A. [D-MD] BARBARA MIKULSKI D MD ANN 2004-10-06 True G000352 Sen. Graham, Bob [D-FL] DANIEL GRAHAM D FL ROBERT 2004-10-06 True C001042 Sen. Corzine, Jon S. [D-NJ] JON CORZINE D NJ S. 2004-10-06 True H000206 Sen. Harkin, Tom [D-IA] THOMAS HARKIN D IA RICHARD 2004-10-06 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2004-10-06 True F000061 Sen. Feingold, Russell D. [D-WI] RUSSELL FEINGOLD D WI D. 2004-10-06 True R000361 Sen. Rockefeller, John D., IV [D-WV] JAY ROCKEFELLER D WV 2004-10-06 True K000305 Sen. Kohl, Herb [D-WI] HERBERT KOHL D WI H. 2004-10-06 True Health Budget deficits Economics and Public Finance Finance and Financial Sector Government trust funds Health maintenance organizations Insurance premiums Managed care Medicare Risk Social Welfare Health 00 2004-10-06 Introduced in Senate 2004-11-22T21:31:16Z Affordability in Medicare Premiums Act of 2004 - Directs the Secretary of Health and Human Services, for each year beginning with 2005, to reduce the monthly Medicare part B (Supplementary Medical Insurance) premium rate for each month in the year for individuals not enrolled in a Medicare Advantage plan and each individual enrolled under Medicare part B so that the aggregate amount of such reductions in the year equals an amount computed according to a specified formula involving reduced payments to Medicare Advantage organizations.

Requires the Secretary, in applying risk adjustment factors to payments to Medicare Advantage organizations, to ensure that such payments are adjusted to reflect the enrollee's health status, including adjusting for the difference between the health status of the enrollee and individuals enrolled under the original Medicare fee-for-service program under Medicare parts A (Hospital Insurance) and B. Requires payments to such organizations, in the aggregate, to reflect such differences.

Eliminates the MA Regional Plan Stabilization Fund (Slush Fund).

]]> Affordability in Medicare Premiums Act of 2004 Display Title Affordability in Medicare Premiums Act of 2004 Official Title as Introduced A bill to amend title XVIII of the Social Security Act to provide for reductions in the medicare part B premium through elimination of certain overpayments to Medicare Advantage organizations. Introduced in Senate IS Short Titles as Introduced Affordability in Medicare Premiums Act of 2004 Introduced in Senate 2004-10-06T04:00:00Z 2004-10-06 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR 10/7/2004 S10580-10581) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.