February 19th, 2016 | By: Jeff Byers & Shalina Chatlani
- Friday, CMS unveiled proposed rates for the Medicare Advantage and Part D Prescription Drug programs.
- Medicare Advantage has reached record enrollments since the ACA was implemented. More than 17.1 million beneficiaries have enrolled in the program, a cumulative increase of 50% since 2010.
- According to the agency, the proposed rates would change year-to-year expected average revenues by a gain of 1.35% and by 3.55% with risk coding trends. Upon release of the news, shares of insurers rose in after-hours trading.
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