Rep. Arrington Introduces Bill to Force Medicare Advantage Plans to Pay Doctors Faster
Medicare Advantage Prompt Pay Act
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5 articlesBipartisan bill introduced to speed up Medicare Advantage payments to providers
A bipartisan group of lawmakers introduced the Medicare Advantage Prompt Pay Act, requiring plans to pay electronic in-network claims within 14 days and paper or out-of-network claims within 30 days. Non-compliant insurers could face fines up to $25,000 and must pay interest on late claims.
Pushing Medicare Advantage plans to pay providers promptly
Lawmakers say the Medicare Advantage Prompt Pay Act is intended to offer relief to hospitals frustrated by payment delays. The bill, sponsored by Sens. Catherine Cortez Masto and Marsha Blackburn, establishes clear rules for how quickly MA plans must pay for in-network services.
Medicare Advantage legislation in Congress: 8 bills to know
The Medicare Advantage Prompt Pay Act is highlighted as a key proposal to ensure efficient payments. Under the legislation, insurers would have to pay electronic claims within 14 days for in-network providers and 30 days for others, maintaining a 95% compliance rate to avoid penalties.
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