Medicare Advantage Prompt Pay Act
Medicare Advantage Prompt Pay Act
Plain Language Summary
# Medicare Advantage Prompt Pay Act Summary **What the Bill Would Do:** The Medicare Advantage Prompt Pay Act would require Medicare Advantage insurance plans (private insurance alternatives to traditional Medicare) to pay doctor and hospital claims faster. Specifically, the bill aims to establish stricter timelines for how quickly these plans must process and pay medical providers for the services they deliver to patients.
The goal is to reduce delays that can strain healthcare providers' finances and operations. **Who It Affects:** This bill would impact several groups: Medicare Advantage enrollees (seniors and some disabled individuals who choose private plans instead of traditional Medicare), healthcare providers like doctors and hospitals, and the insurance companies that operate Medicare Advantage plans. **Current Status:** The bill is currently in committee, meaning it has been introduced but has not yet been debated or voted on by the full Senate. It was sponsored by Senator Catherine Cortez Masto (D-Nevada).
Latest Action
Read twice and referred to the Committee on Finance.