The Medicare agency had initially proposed a 2.2 percent cut in Medicare Advantage payments. But on Monday the agency said it had scrapped that cut and would instead offer a 3 percent payment increase next year. [Other reports say 3.3%.]
America’s Health Insurance Plans (AHIP), the industry’s top lobbying group, praised the reversal.
Is either price the right one? Theoretically, a competitive bidding regime would obviate this question.
