Bills/H.R. 609

Assuring Medicare’s Promise Act of 2025

Assuring Medicare’s Promise Act of 2025

In CommitteeEconomyHouseHouse Bill · 119th Congress
Bill Progress · House
Introduced
Committee
Passed House
Passed Senate
Passed Both
Signed

Plain Language Summary

# Summary of the Assuring Medicare's Promise Act of 2025 **What the Bill Would Do** The Assuring Medicare's Promise Act of 2025 is designed to strengthen Medicare's finances and ensure the program can continue paying benefits long-term. While the full text details aren't provided here, the bill's subject areas indicate it would likely address Medicare funding through changes to taxation and investment policies. Specifically, it appears to involve adjustments to income tax rates and how investment income is taxed, potentially including foreign income taxation, to generate additional revenue for Medicare's trust funds. **Who It Affects** This bill would primarily affect Medicare beneficiaries (seniors and some disabled individuals) by helping ensure their benefits remain stable, as well as potentially affecting higher-income individuals or investors whose tax treatment might change under the proposed provisions.

Healthcare providers like hospitals would also be indirectly affected if the bill alters how Medicare reimburses care. **Current Status** The bill is currently in committee (HR 609, introduced in the 119th Congress by Rep. Lloyd Doggett, D-Texas), meaning it has not yet been voted on by the full House. It remains in the early legislative stage where it undergoes review and potential revision before advancing further.

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Latest Action

January 22, 2025

Referred to the House Committee on Ways and Means.

Subjects

Financial services and investmentsGovernment trust fundsHealth care costs and insuranceHealth programs administration and fundingHospital careIncome tax ratesInterest, dividends, interest ratesMedicareTaxation of foreign income

Sponsor

57 cosponsors

Key Dates

Introduced
January 22, 2025
Last Updated
January 22, 2025
Read Full Text on Congress.gov →
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