House Joint Memorial No. 16 expresses the concerns of the Idaho Legislature regarding the accessibility and stability of Medicare and prescription drug coverage for seniors and other Medicare beneficiaries in Idaho. The memorial highlights the importance of the annual enrollment period for Medicare beneficiaries, during which they must select their health coverage options. It emphasizes the need for effective oversight and coordination between the Centers for Medicare and Medicaid Services (CMS) and the Idaho Department of Insurance to ensure that beneficiaries have access to affordable and appropriate coverage. The memorial also addresses issues related to unfair trade practices by certain insurance companies that have disrupted the market and limited options for consumers.

The Legislature supports the ongoing efforts of the Idaho Department of Insurance to protect Medicare beneficiaries and promote a fair insurance marketplace. It encourages collaboration between the Department and CMS to safeguard against disruptive market practices and requests guidance from CMS regarding the impact of changes to producer compensation structures on consumer access and market stability. The memorial aims to ensure that insurance companies comply with applicable laws and do not engage in practices that discourage enrollment or limit plan availability after receiving approval to offer coverage.