In response to a CMS proposal to cut Medicare Advantage rates by 2.3 percent next year, Sen. Orrin Hatch and Reps. Fred Upton and Dave Camp wrote to CMS with concerns about the agency's proposed cuts and changes to Medicare Advantage plans.
A new report by Oliver Wyman examines the cumulative impact of CMS’ new proposed Medicare Advantage payment changes plus the ACA’s $200 billion in MA cuts and the new health insurance tax. The report found that a typical Medicare Advantage beneficiary will see on average $50 - $90 in higher premiums and/or reduced benefits each month. The report also noted “Virtually all of the 14.1 million Medicare beneficiaries are likely to be affected by these changes, either through increased premiums, reduced benefits, or plan exits from local markets.”
NAIFA supports continuation and proper funding of Medicare Advantage Plans. Through the Coalition for Medicare Choices, NAIFA is working to show Congress that Medicare Advantage plans provide critical benefits and lower out-of-pocket costs to millions of beneficiaries.