Medicare Advantage Integrity Act of 2023

HR 4411, the Medicare Advantage Integrity Act of 2023, sets a minimum geographic adjustment floor of 0.70 for calculating Medicare Advantage payment rates starting in 2024, ensuring consistent payment levels across regions. It also requires that at least 50% of any increased payments from these adjustments must go toward basic benefits for Medicare Advantage enrollees. The bill directly affects Medicare Advantage plans and their beneficiaries by changing how payment rates are calculated and directing more funds toward patient care. Key mechanisms include establishing the geographic floor and mandating the 50% allocation for basic benefits, aiming to reduce payment disparities and ensure funds support covered care.