MedPAC backs proposal to slash millions from Medicare Advantage plans

The Medicare Payment Advisory Commission on Thursday unanimously backed recommendations that would reduce Medicare Advantage plan reimbursement by at least $200 million.

MedPAC supports having Congress pass legislation that allows the HHS secretary to eliminate benchmark caps and the “double bonuses” now received by Advantage plans.

A formal vote was not taken during MedPAC’s meeting Thursday, but the commission’s chair requested panelists voice their opinion.  They all said they supported the policy.

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