U.S. government says 2015 Medicare payments to insurers to rise

by Reuters
Monday, 7 April 2014 20:31 GMT

April 7 (Reuters) - The U.S. government on Monday said that final payments to private health insurers for 2015 private Medicare Advantage plans would rise 0.4 percent for the average plan compared with a proposed cut of 1.9 percent.

During a news briefing, the health agency said that costs for Medicare health services continued to drop and that it now expected a decline of 3.4 percent versus the 1.9 percent on which it initially based its payments.

In addition, the agency said that it would delay other changes to risk adjustments and for requiring home health assessments, which will effectively lessen the cuts to insurers.

The proposed cuts were announced on Feb. 21. The final document was released on Monday by a division of the U.S. Department of Health and Human Services. It affects private insurers such as UnitedHealth Group Inc, Humana Inc and Aetna Inc that provide Medicare Advantage. (Reporting by Caroline Humer; Editing by Jonathan Oatis)

Latest News
Comments Close
U.S. government says 2015 Medicare payments to insurers to rise

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of the Thomson Reuters Foundation. For more information see our Acceptable Use Policy.

comments powered by Disqus