Section 1. Short title

This Act may be cited as the Medicare Advantage Cost Transparency Act.

Sec. 2. Requiring the inclusion of certain information in encounter data

Section 1859 of the Social Security Act (42 U.S.C. 1395w–28) is amended by adding at the end the following new subsection:

(j) Inclusion of certain information in encounter data

(1) In general

In the case of any encounter data submitted by a Medicare Advantage plan with respect to an item or service furnished to an individual under such plan during a plan year beginning on or after January 1, 2027, the Secretary shall require that such data include—

(A)

the allowed amount for such item or service;

(B)

the amount of cost sharing (including deductibles, copayments, and coinsurance) imposed for such item or service;

(C)

in the case such individual was furnished, during such plan year before such item or service was so furnished, an at-home health risk assessment from a specified assessment entity, an indicator that such individual was so furnished such an assessment by such an entity; and

(D)

in the case such individual was furnished, during such plan year before such item or service was so furnished, an at-home health risk assessment from an assessment entity not described in subparagraph (C), an indicator (distinct from the indicator described in such subparagraph) that such individual was so furnished such an assessment by such an entity.

(2) Definitions

In this subsection:

(A) Assessment entity

The term assessment entity means an entity with a focus on furnishing in-home health risk assessments, as specified by the Secretary.

(B) Specified assessment entity

The term specified assessment entity means, with respect to an MA organization and a plan year, an assessment entity with respect to which such organization (or any person with an ownership or control interest (as defined in section 1124(a)(3)) in such organization) is a person with an ownership or control interest (as so defined).