In Reversal, CMS Will Boost Medicare Advantage Payments

Law360, New York (April 1, 2013, 5:41 PM EDT) -- Federal health officials on Monday reversed its proposal to cut payments to Medicare Advantage plans by 2.3 percent, instead saying they will increase payments next year by almost 3 percent, following an outcry from the insurance industry and lawmakers.

In February, the Centers for Medicare and Medicaid Services had proposed cutting payments to Medicare Advantage plans — private insurance plans that cover Medicare beneficiaries and are paid by CMS — by 2.3 percent.

The proposed cuts prompted a fierce lobbying effort from the insurance industry, led...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.