H.R. 8561 proposes updates to the Social Security Act, focusing on correcting underestimated growth in certain local areas for Medicare Advantage plans, caused by changes in wage index classifications. The bill mandates adjustments in growth rates to accurately reflect local...
Simple Explanation
H.R. 8561 says that when paying for certain health plans, the rules will change to make sure they get the right amount of money, especially if they grow a lot faster than expected because of how people's pay changes in the area. This is to make sure everything is fair starting in 2025.