Rate Increases Denied to Some Private Medicare Plans
The Obama administration said Tuesday it denied rate increases and benefit cuts sought by some privately run Medicare plans.
The move is a sign of the toughening regulatory climate for health insurers that could prompt some of them to leave the Medicare market in coming years.
The majority of people 65 and over get their Medicare benefits directly from the government. But some 11 million people are in Medicare Advantage, where a private insurer provides coverage. Medicare Advantage plans may supply additional benefits, such as gym club memberships, while giving people a narrower choice of doctors.
- Federal Appeals Court Mulls Observation Status
- How One Health System Saved $3.5M in Benefits Costs
- How the Military's EHR Reboot Will Impact Interoperability
- HCA to Acquire CareNow Urgent Care Centers
- BCBS Tries New Drug Contracting Model
- 'Leadership Gap' Threatens MU Momentum, Says AMA
- Abington Health, Jefferson Health Plan '100% Equal' Merger
- Dental Board Case Before SCOTUS Has Far-Reaching Implications
- Ballot Initiative Pits Providers Against Payers in SD
- The Case for Recycling Surgical Supplies