CMS announced Monday that Medicare Advantage payment rates will increase by 1.25 percent on average in 2016.
Humana was one of the top providers of Medicare Advantage plans last year, with 2.9 million enrollees. It trailed slightly behind the top provider, UnitedHealth Group, which had 3 million enrollees, according to Bloomberg.
Humana is expecting its increase to fall below the average of 1.25 percent due to the way the government compensates insurers for sicker-than-average patients, according to Reuters.
More articles on healthcare finance:
Sentara Healthcare net surplus falls to $359.9M
13 recent hospital outlook and rating actions
10 hospital CFOs in the headlines this week
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
