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U.S. proposes 0.9 percent cut in 2016 Medicare Advantage payments
The U.S. government on Friday proposed a 0.9 percent cut in payments to health insurers for 2016 Medicare Advantage plans, which provide health benefits to more than 16 million elderly or disabled people. When combined with other factors such as medical coding adjustments by insurers, the payments could increase insurer revenue by 1.1 percent, according to documents released by a division of the U.S. Department of Health and Human Services. Insurers such as UnitedHealth Group Inc, Humana Inc and Aetna Inc provide these plans, which cover nearly one-third of all Medicare enrollees. Read more…
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