The decision — which comes after an intense period of lobbying by the health care industry — reverses an earlier decision to cut the rates, reports CNN.
Initially, the Centers for Medicare & Medicaid Services proposed a 2.3% reduction in the fees it would pay to health care providers. In the fee schedule released Monday, however, the CMMS will provide an increase of 3.3% instead.
Medicare Advantage is a system in which seniors who qualify for Medicare elect to receive their benefits through private insurers. With the government paying less, providers would have either had to accept less in fees or pass that difference along to patients.
In its announcement of the new rate schedule, CMMS said the higher fees came about “after careful consideration of public comments.”
More stories about health care:
- CVS Prescription Refills Under Investigation
- Popular Medicare Drug Plans to See Double-Digit Premium Hike
- Competition Cuts Down on Medicare Fraud
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