Medicare Advantage Payment Rates for 2015 Cloaked in Uncertainty
Humana holds the second-largest Medicare Advantage market share, with nearly 2.8 million members as of Jan. 10, according to a report Monday from Moody's Investors Services. UnitedHealth Group leads in market share at about 3.2 million members, and Aetna is third at 1.1 million members.
"Overall growth was good for most companies," Moody's concluded on data collected from September 2013 to January 2014, "with variations in the growth rates among companies reflecting local strategies, acquisitions or the competitive environment."
On the political front, Republicans are seizing the opportunity to assail the Obama administration over the proposed Medicare spending cuts. Florida Gov. Rick Scott, a Republican, blasted the cuts after meeting with the President Monday.
"If the President cares about our seniors, he needs to fix Obamacare immediately," Scott said in a prepared statement on his website. "We learned last week that Medicare is being raided to pay for Obamacare which is hurting our seniors who could lose access to the doctors they liked and were told they could keep. We need to give our seniors a voice and ask the President directly to not pay for Obamacare by raiding Medicare."
Christopher Cheney is health plans editor at HealthLeaders Media.
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