If these Medicare Advantage plans continue to mislead beneficiaries about covered providers, at the same time that they are overcharging taxpayers for this crumby coverage, then we should be taking another look at whether or not MA plans…

I tell you, nobody is jumping in with any other answer. You know, this is the part that just drives me crazy.

Medicare Advantage plans must be required to meet network adequacy standards for outpatient mental health and substance use disorder care.

To help beneficiaries avoid these surprise costs, MA plans are required to publish directories which enrollees can use to find new doctors.

Majority Study Findings: Medicare Advantage Plan Directories Haunted by Ghost Networks.

I tell you, nobody is jumping in with any other answer. You know, this is the part that just drives me crazy.

Okay, so it is a way to defraud consumers, to say you have this really big list of people you could go to if you had a problem.

So look, what we are really saying here is that it is in the financial interest of these Medicare Advantage plans to discourage beneficiaries from accessing care.

We must modernize our enforcement rules to match the size and complexity of banks...

That is why Senator Cortez Masto, Senator Hawley, Senator Braun, and I introduced a bipartisan bill to ensure that when executives crash their banks and threaten the banking system, those executives are forced to give up their fancy…

We cannot--we will not--let that happen again.

To help beneficiaries avoid these surprise costs, MA plans are required to publish directories which enrollees can use to find new doctors.

Congress needs to put in place tough rules that make sure that executives pay up when their actions lead directly to a bank failure.

Regulators need to strengthen bank oversight, and Congress must reinstate stronger rules.

So in its postmortem of the Silicon Valley Bank collapse, the Fed found that legislation passed out of this Committee in 2018, led to weakened rules for big banks that were major contributors to Silicon Valley Bank's failure.

We need to strengthen our financial watchdogs' ability to impose fines, ban bad actors from the banking industry...

Bank executives who take on too much risk and crash their banks... should not get to ride off into the sunset with their ill-gotten gains.

Okay, so it is a way to defraud consumers, to say you have this really big list of people you could go to if you had a problem.

CMS should increase its oversight efforts to audit health plan directories to ensure they hold MA plans accountable.

You know, it is clear that giving regulators power to do something is not always enough. Congress needs to force regulators to use it, which is what Senators Cortez Masto, Hawley, Braun's and my bill does.

Majority Study Findings: Medicare Advantage Plan Directories Haunted by Ghost Networks.

America is facing a mental health crisis. One in five Americans live with a mental illness, and for Medicare beneficiaries, it is one in four.

CMS should increase its oversight efforts to audit health plan directories to ensure they hold MA plans accountable.

So look, what we are really saying here is that it is in the financial interest of these Medicare Advantage plans to discourage beneficiaries from accessing care.

Medicare Advantage plans must be required to meet network adequacy standards for outpatient mental health and substance use disorder care.