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Government payments for Medicare Advantage plans to rise in 2016
Reuters

Payments to health insurers operating Medicare Advantage plans for the elderly and disabled will increase by 1.25 percent in 2016, the U.S. government said on Monday, in response to expected growth in health spending.

The announcement, by a division of the U.S. Department of Health and Human Services, comes after the U.S. government proposed a 0.95 percent cut in payments to insurers in February.

More than 16 million people are enrolled in these plans, in which healthcare benefits are managed by private insurers, including UnitedHealth Group Inc, Humana Inc and Aetna Inc.

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