CMS Unveils Potential Cuts To Medicare Advantage Rates

Law360, Los Angeles (February 21, 2014, 8:21 PM EST) -- Payments to Medicare Advantage plans would face a 3.6 percent cut in 2015 under a proposal Friday from the Centers for Medicare and Medicaid Services, dealing a blow to insurers who waged a furious campaign to keep rates flat.

The decrease will impact the private-option plans patronized by a third of Medicare beneficiaries, or about 15 million people. Officials at CMS tried to tamp down concerns that reduced payments would harm quality of coverage, noting that participation has risen and premiums have been kept in check...
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