Both parties cited Medicare’s plans to cutback on Medicare Advantage as a key factor in the failed negotiations, according to the report. Healthcare reform cut $136 billion over the course of 10 years from the government-subsidized Medicare Advantage program in order to help pay for expanded coverage.
Humana is the largest private Medicare benefits provider in Florida.
Read the St. Augustine Record report on Baptist Health.
Read more coverage on Florida hospitals:
– Florida Hospitals Losing $287M in Medicaid Funding in New State Budget
