|February 25, 2014|
Previously published on February 2014
On February 21, the Centers for Medicare & Medicaid Services (CMS) released a proposal to decrease payments to Medicare Advantage plans by 3.6 percent in 2015. This decrease would impact more than 15 million people, or 30% of all Medicare beneficiaries, who are currently enrolled in Medicare Advantage plans offered by private insurers.
The trade association, America’s Health Insurance Plans, expressed concerns that the reduced payments would harm quality of coverage for seniors in the program, noting that last year’s 6 percent cut to Medicare Advantage rates resulted in higher premiums and reduced benefits.
The final rule will be released April 7.