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United States · Bill · S

S. 2906 (108th)

Affordability in Medicare Premiums Act of 2004

referredUnited States· United States Congress· EN

Introduced

6 October 2004

Last action

6 October 2004 · Introduced

Status

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR 10/7/2004 S10580-10581)

Sponsors

Sen. Bingaman, Jeff [D-NM], Sen. Mikulski, Barbara A. [D-MD], Sen. Graham, Bob [D-FL], Sen. Corzine, Jon S. [D-NJ], Sen. Harkin, Tom [D-IA], Sen. Durbin, Richard J. [D-IL], Sen. Feingold, Russell D. [D-WI], Sen. Rockefeller, John D., IV [D-WV], Sen. Kohl, Herb [D-WI]

Subjects

Healthcare

Source updated

18 August 2025

Healthcare

Summary

Affordability in Medicare Premiums Act of 2004 - Directs the Secretary of Health and Human Services, for each year beginning with 2005, to reduce the monthly Medicare part B (Supplementary Medical Insurance) premium rate for each month in the year for individuals not enrolled in a Medicare Advantage plan and each individual enrolled under Medicare part B so that the aggregate amount of such reductions in the year equals an amount computed according to a specified formula involving reduced payments to Medicare Advantage organizations. Requires the Secretary, in applying risk adjustment factors to payments to Medicare Advantage organizations, to ensure that such payments are adjusted to reflect the enrollee's health status, including adjusting for the difference between the health status of the enrollee and individuals enrolled under the original Medicare fee-for-service program under Medicare parts A (Hospital Insurance) and B. Requires payments to such organizations, in the aggregate, to reflect such differences. Eliminates the MA Regional Plan Stabilization Fund (Slush Fund).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 6 October 2004

    Introduced

    Read twice and referred to the Committee on Finance. (text of measure as introduced: CR 10/7/2004 S10580-10581)

    Source: IntroReferral

  2. 6 October 2004

    Introduced

    Sponsor introductory remarks on measure. (CR 10/7/2004 S10579-10580)

    Source: IntroReferral

  3. 6 October 2004

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 6 October 2004

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 6 October 2004

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 6 October 2004

    Open at official source

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Sponsors

Related records

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Sources

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