Feds propose Medicare advantage payment cuts, could have election impact

Published on February 24, 2014 at 7:58 AM · No Comments

Medicare Advantage is the managed care program, run by private insurance companies, for seniors and disabled people.

Politico: Major Spending Cut Proposed For Medicare Advantage
An annual notice released Friday after the markets closed would reduce Medicare Advantage spending by 3.55 percent. The figure is based on trends in health care spending, which has grown at a historically low pace in recent years. The annual rate adjustment -; which is only one of the payment changes -; is calculated through a complicated set of formulas, and analysts were still sorting out the 148-page proposal that CMS released late in the afternoon to assess the total impact on the increasingly popular program for seniors (Norman, 2/21)

Kaiser Health News: Obama Administration Proposes 1.9% Cut In Medicare Advantage Payments
According to a new analysis from consulting firm Avalere Health, enrollment in Medicare Advantage plans rose in 2014 by 8.9 percent to 15.9 million enrollees, up from 14.6 million in 2013. Approximately 30 percent of Medicare beneficiaries are enrolled in the plans, which are offered by private insurance companies. ... Last year, Medicare officials initially proposed reducing Medicare Advantage payments by 2.2 percent, but after another strong industry lobbying campaign, the administration switched gears and raised the rate by 3.3 percent (Carey, 2/21). 

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