Letter to CMS Regarding Health Law's Cuts to Medicare Advantage
Excerpt: In announcing the 2015 Rate Announcement for Medicare Advantage plans, CMS said it "estimates the overall net change to plan payments between 2014 and 2015 to be +.04 percent." However, most objective observers, including many market analysts and industry researchers, concluded that the overall net impact of the finalized changes actually amounts to approximately an over three percent cut to Medicare Advantage plans. Troublingly, this cut comes on the heels of additional payment reductions last year, and could result in double-digit cuts to some plans within a 24-month period.
To read the letter, click here.
To read a related press release, click here.