U.S. Raises 2017 Medicare Advantage Rates Less Than Expected
- Medicare Advantage plans to get 0.85% pay boost, CMS says
- UnitedHealth, Humana are big Medicare Advantage providers
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Health insurers that offer private Medicare Advantage plans will get a smaller-than-expected increase in payments next year.
The U.S. is raising payments to the insurers by 0.85 percent on average, according to a statement Monday from the Centers for Medicare and Medicaid Services, down from the 1.35 percent boost proposed in February. Payments to individual insurers can vary, because CMS gives individual plans quality bonuses and premiums are adjusted based on where enrollees live and how sick they are.