S. 2906: Affordability in Medicare Premiums Act of 2004
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S. 2906: Affordability in Medicare Premiums Act of 2004
108th Congress · introduced 2004-10-06 · Health · Latest: Read twice and referred to the Committee on Finance. (text of measure as introduced: CR 10/7/2004 S10580-10581)
federal
Follow this bill, step by step
- Where it came from: introduced 2004-10-06 · official record
- Who proposed it: Sen. Bingaman, Jeff [D-NM] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Read twice and referred to the Committee on Finance. (text of measure as introduced: CR 10/7/2004 S10580-10581) Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
Affordability in Medicare Premiums Act of 2004
Plain 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).
Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.
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What does this mean? (plain words)
Official text
Affordability in Medicare Premiums Act of 2004
Source: Congressional Research Service summary (Introduced in Senate)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Sen. Bingaman, Jeff [D-NM] · 8 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Richard J. Durbin (D-IL)
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Sources
- Congressional Research Service summary (Introduced in Senate)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-108s2906.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/108/s>
Record fed-us-cong108-s2906 · catalog fed-us-congress-bills-cong108 · updated 2026-11-15 by psicol fed-bills-cong108