Health insurers expect drop in Medicare revenue next year
Humana and Aetna expect their Medicare Advantage funding to decrease in 2016, the Wall Street Journal reports.
In a draft call letter and advanced rate notice on Feb. 20, the Centers for Medicare & Medicaid Services proposed decreasing payments per beneficiary to Medicare Advantage organizations in 2016 by an average of 0.95 percent.
The proposed decrease will affect insurers. Humana expects Medicare Advantage funding to decrease by 1.25 percent to 1.75 percent, and Aetna expects its funding to decrease by 1 percent.
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Executive Editor
Tim Casey joined TriMed Media Group in 2015 as Executive Editor. For the previous four years, he worked as an editor and writer for HMP Communications, primarily focused on covering managed care issues and reporting from medical and health care conferences. He was also a staff reporter at the Sacramento Bee for more than four years covering professional, college and high school sports. He earned his undergraduate degree in psychology from the University of Notre Dame and his MBA degree from Georgetown University.