CMS announced Medicare Advantage plans will receive a 0.85 percent hike in reimbursement in 2017, according to the Washington Times.
Here are four things to know:
1. In February, CMS proposed a 1.35 percent increase in reimbursement for MA plans.
2. In 2016, CMS gave MA plans a 1.25 percent raise.
3. CMS said individual plans may obtain higher reimbursement through bonuses for enhancing the quality of care beneficiaries receive.
4. Deputy CMS Administrator Sean Cavanaugh said MA plans have become stronger and more popular since the ACA was implemented in 2010. Since 2010, MA enrollment has increased 50 percent and premiums fell 10 percent from 2010 to 2016.
More articles on coding & billing:
UnitedHealthcare offers new kind of health plan: 6 things to know
US to pay $266B for employer-sponsored health insurance — 5 insights
Michigan seizes physician's license over $5M Medicare fraud — 4 insights