Saturday, September 25, 2021
68.9 F
Fort Worth

Modest payment increase for Medicare Advantage in 2017

🕐 1 min read

WASHINGTON (AP) — Medicare says private insurance plans serving as an alternative for 17 million beneficiaries will get a modest payment increase next year.

Factoring in adjustments for the health of patients covered by a plan, the final number works out to about a 3 percent increase for Medicare Advantage and Part D prescription plans. That’s slightly less than an originally proposed increase of around 3.5 percent.

Medicare made the announcement Monday after the close of financial markets.

Medicare also announced a transition period for some employer-sponsored plans that were facing a cut. It will be spread over two years.

Medicare Advantage plans cover nearly one out of three beneficiaries, a steadily growing share of the program. They offer lower overall costs for many patients, in exchange for some limitations on choice.

Related Articles

Our Digital Sponsors

Latest Articles

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate