We have received text from H.R. 7803: Save Medicare Act. This bill was received on 2026-03-04, and currently has 16 cosponsors.
Here is a short summary of the bill:
This bill, known as the "Save Medicare Act," proposes several important changes to the Medicare program, particularly focusing on the segment known as Medicare Advantage. Here are the key components of the bill:
1. Renaming of Medicare Advantage
The legislation establishes a new program called the Alternative Private Health Plan program. This program will replace the current Medicare Advantage program under Part C of Title XVIII of the Social Security Act. References to Medicare Advantage, previously known as Medicare+Choice, will now be regarded as references to the Alternative Private Health Plan.
2. Transition Period
To ensure a smooth transition and avoid confusion among beneficiaries and providers, the Secretary of Health and Human Services is required to implement a transition plan that allows the phasing out of the terminology associated with Medicare Advantage. The transition to the use of the new terminology must be fully completed for all materials related to plan years starting on or after October 15, 2023. Until that time, any mentions of the Alternative Private Health Plan will still include references to the former Medicare Advantage program.
3. Penalties for Misuse of the Term 'Medicare'
The bill introduces a civil money penalty aimed at entities that incorrectly use the term "Medicare" in advertising for plans under the new program. Specifically:
- Any plan that advertises itself using the term "Medicare" in its title will incur a penalty of $100,000 for each instance that it does so after the bill becomes law.
This clause is meant to regulate and ensure appropriate usage of the term "Medicare" to maintain public trust and clarity around the Medicare program and its various components.
4. Governing Law References
The updates made through this bill will amend certain legal references and make it clear that any mention of the prior program names (like Medicare Advantage and MA) will be considered as part of the new Alternative Private Health Plan program going forward.
Relevant Companies
- UNH - UnitedHealth Group: As a major provider of Medicare Advantage plans, changes to the program could significantly impact their business model and offerings.
- ANTM - Anthem, Inc.: Similar to UnitedHealth, Anthem provides Medicare Advantage plans, and would need to adjust its marketing and product structure according to the new legislation.
- HUM - Humana Inc.: Being a strong player in the Medicare Advantage market, Humana would also be directly affected by the changes in program naming and advertising regulations.
Representative Mark Pocan Bill Proposals
Here are some bills which have recently been proposed by Representative Mark Pocan:
- H.R.7803: Save Medicare Act
- H.R.7555: Audit the Pentagon Act of 2026
- H.R.7189: PrEP Access Act
- H.R.6115: To amend title XVIII of the Social Security Act to require the Secretary of Health and Human Services to maintain a website for Medicare beneficiaries to search for providers participating in MA plans and traditional Medicare.
- H.R.6114: To prohibit funds made available to the Department of Health and Human Services by previous Appropriations Acts from being used for any activity that makes Medicare Advantage the default under the Medicare program.
- H.R.6113: To amend title XVIII of the Social Security Act to impose limitations on contracts with Medicare Advantage organizations offering multiple Medicare Advantage plans under the Medicare program.
You can track bills proposed by Representative Mark Pocan on Quiver Quantitative's politician page for Pocan.
Representative Mark Pocan Net Worth
Quiver Quantitative estimates that Representative Mark Pocan is worth $1.3M, as of March 5th, 2026. This is the 300th highest net worth in Congress, per our live estimates.
Pocan has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Representative Mark Pocan's net worth on Quiver Quantitative's politician page for Pocan.
Representative Mark Pocan Stock Trading
We have data on up to $100.0K of trades from Representative Mark Pocan, which we parsed from STOCK Act filings.
You can track Representative Mark Pocan's stock trading on Quiver Quantitative's politician page for Pocan.
2026 Wisconsin's 2nd Congressional District Election
There has been approximately $1,767,749 of spending in Wisconsin's 2nd congressional district elections over the last two years, per our estimates.
Approximately $226,688 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- AMERICAN PRINCIPLES PROJECT PAC ($205,000)
- LET AMERICA VOTE PAC ($8,884)
- PROTECT THE VOTE ($5,000)
- PROGRESSIVE VICTORY PAC ($3,576)
- HUMAN RIGHTS CAMPAIGN EQUALITY VOTES ($3,503)
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 Wisconsin's 2nd congressional district election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
