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Medicare to cut payments to employer-sponsored Advantage plans
Modern Healthcare

A new federal proposal would slash overpayments made to Medicare Advantage plans sponsored by employers and unions years after an advisory board recommended the policy.The CMS proposed terminating the bidding process for employers and unions that offer 2017 Medicare Advantage plans to their retirees. The policy was included in the recent 228-page Medicare Advantage rate notice. Instead of bidding, those plans would receive predetermined payments that would, in essence, lower their revenue.