Medicare Payments To Insurance Companies For Medicare Advantage Will Increase

This Herald-Tribune article dated April 8, 2015 by Maggie Clark mentions that there will be increase in payments to insurance companies which offer Medicare Advantage insurance plans.

About 30 percent of all Medicare beneficiaries are enrolled in private Medicare Advantage plans, which receive a lump sum from the government for each enrollee and reimburse providers in its network at rates agreed upon in advance. Insurers profit on any remaining balance after enrollees’ bills are paid.

The 3.25 percent payment increases from Medicare to insurers for 2016 are due to higher than average spending on inpatient hospitalizations, therapy, rural health centers and federally qualified health centers, according to federal regulators at the Centers for Medicare and Medicaid services. 

To read the full article, click on the link below.

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