This bill would require Medicare Advantage insurance plans to publicly share how they spend members' money, starting in 2029. Plans would have to show how much money they took in, how much went to paying medical claims, and how much went to other costs. The goal is to make it easier for people to compare plans and understand where their healthcare dollars go.
Medicare Advantage plans would be required to publicly report how premiums are spent. Residents enrolled in these plans could access spending breakdowns when comparing coverage options starting in 2029.
