CMS is proposing to raise payments Medicare Advantage payments insurers by 1.38 percent next year, according to a CMS release.
Analysts had been predicting a cut in payments for Medicare Advantage plans, which are seen as lucrative for insurers, according to a report by Bloomberg News.
President Obama’s new health reform proposal, noting that Medicare Advantage pays 14 percent more than payments for traditional Medicare coverage, would phase in a new rate-setting mechanism but it is unclear how this would affect payments.
Read the CMS release on Medicare Advantage payments.
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