UnitedHealth, Humana Take Cut in Medicare Advantage Plans
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UnitedHealth Group Inc. and Humana Inc. are among the health insurers that will see their base U.S. government payment rate reduced 4 percent next year for Medicare Advantage programs for elderly Americans.
While the base payment rate cut is more than the government’s proposed 3.55 percent reduction in February, the Centers for Medicare and Medicaid Services said yesterday in a letter to insurers that it’s delaying a proposal that would have lowered payments further. The agency put off a limitation on home assessments that industry analysts said would have meant an additional 2 percent cut for insurers.