This bill aims to rename the Medicare Advantage program to help clarify its identity and prevent misuse of the Medicare name. It also imposes penalties for misleading advertising.
Save Medicare Act This bill renames Medicare Advantage (MA) as the Alternative Private Health Plan program. It also establishes civil penalties for entities that continue to advertise MA plans with Medicare in the title.
1. This bill would rename the Medicare Advantage program to the Alternative Private Health Plan program. 2. It changes all references of Medicare Advantage to the new name in official documents. 3. The bill requires a smooth transition to the new name to avoid confusion for users. 4. Entities that use the term 'Medicare' in plan titles after this bill passes will face penalties. 5. The penalty for misuse of the term 'Medicare' is set at $100,000 for each instance.
Seniors and individuals enrolled in Medicare Advantage plans will be directly affected by this change.