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In surprise move, CMS announces Medicare Advantage pay increase
After proposing in February a 1.9 percent cut in reimbursement to insurers in the Medicare Advantage program, Medicare made a surprise announcement and said there would, instead, be a 0.4 percent increase. This is the second year Medicare has reversed proposed cuts despite a provision in the Affordable Care Act to bring pay parity between traditional Medicare and Medicare Advantage, which have per enrollee payments more than 10 percent higher than traditional Medicare. The decision came as a surprise, especially to insurance industry leaders who were pushing for rates to remain unchanged. Read more…
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