Posts Tagged ‘payment rates’
Health Care News
Medicare Advantage Survives—for Now
Newscom
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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