Medicare Equity and Access Act

Medicare Equity and Access Act - Amends part C (Medicare+Choice) of title XVIII (Medicare) of the Social Security Act to provide for: (1) a two-year increase in the minimum percentage increase used in the calculation of annual Medicare+Choice capitation rates; (2) inclusion in the calculation of Medicare+Choice payment rates of the costs of Department of Defense and Department of Veterans Affairs military facility services to Medicare-eligible beneficiaries; and (3) preemption of duplicative State regulation.

Directs the Secretary of Health and Human Services to: (1) establish a program to provide financial incentive awards to Medicare+Choice organizations offering plans that demonstrate the provision of superior quality health care to enrollees; (2) only award a National Performance Quality Award to Medicare+Choice organizations for plans that demonstrate superior quality in health care; (3) only award a State Performance Quality Award to Medicare+Choice organizations for plans that demonstrate the highest quality in health care furnished in the State; and (4) enter into an arrangement for the Institute of Medicine of the National Academy of Sciences to study clinical outcomes, performance, and quality of care under the Medicare+Choice program.