Posts Tagged ‘annual fee’
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There seems to be much confusion surrounding the recent drama of Medicare Advantage’s (MA) 2014 payment rate. Here’s what happened:
In February, the Centers for Medicare and Medicaid Services (CMS) released its advance notice of estimates of the national per capita Medicare Advantage (MA) growth percentage, which is a key factor in determining the MA payment rate for 2014. The notice revealed that MA payment rates were set to decrease by 2.2 percent. The CMS had until April 1 to finalize the rate.
This 2.2 percent reduction would have been on top of the MA reductions included in Obamacare ($156 billion over 10 years) and Obamacare’s new annual fee on health insurers, often referred to as the “premium tax” (costing $101.7 billion over 10 years), which will also hit MA plans.
Read the rest on The Foundry…
Tags: annual fee, Medicare Advantage, ObamaCare, payment rates
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