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.
- How Medical Debt Forgiveness Benefits Hospitals
- Leapfrog Hospital Safety Scores 'Depressing'
- Patient Harm Data to Remain on Medicare's Hospital Compare Site
- Quiet ORs Better for Patient Safety
- Tavenner Confirmed as CMS Administrator
- Building a Better Healthcare Board
- Healthcare Leaders Sound Off on Organized Labor
- Esther Dyson's Population Health Dream
- CMS Seeks to 'Rapidly Reduce' Medicare Spending with $1B in Grants
- Rural Healthcare Can Entice the Best and Brightest