Medicare Advantage MLR Transparency Act promotes transparency of Medicare Advantage plan information.

The Medicare Advantage MLR Transparency Act amends title XVIII of the Social Security Act to require Medicare Advantage organizations to submit and publish specific financial information in a consumer-friendly format. This includes total revenue, revenue expended on incurred claims, non-claims costs, and the difference between the MLR numerator and denominator. The Secretary may also require this information to be published in aggregate across all MA plans offered by the organization. This aims to enhance transparency for beneficiaries.

Medicare Advantage MLR Transparency Act promotes transparency of Medicare Advantage plan information.

The Medicare Advantage MLR Transparency Act amends title XVIII of the Social Security Act to require Medicare Advantage organizations to submit and publish specific financial information in a consumer-friendly format. This includes total revenue, revenue expended on incurred claims, non-claims costs, and the difference between the MLR numerator and denominator. The Secretary may also require this information to be published in aggregate across all MA plans offered by the organization. This aims to enhance transparency for beneficiaries.