Brevard News

Administration Caves On Scheduled MA Cuts

In February, the Obama administration announced proposed Medicare Advantage (MA) rates that officials said could mean payment reductions of 1.9 percent for the private plans in the popular program that covers 30 percent of Medicare beneficiaries.
Under intense pressure from the insurance industry and in the midst of a busy election season, during which cuts to the program promise to be a key focus for politicians and voters, the Centers for Medicare and Medicaid Services (CMS) announced on Monday that they were shelving the controversial MA cuts and instead increasing payments by 0.4 percent.