. The Administration also announced efforts to strengthen Medicare and hold industry accountable. This year, it will start recovering improper payments made to insurance companies in Medicare Advantage through audits. Recovering these improper payments and returning this money to the Medicare Trust Funds will protect the fiscal sustainability of Medicare and allow the program to better serve seniors and people with disabilities, today and in the future.
In last year’s payment notice and in the current proposal, the Biden-Harris Administration has increased payment to insurance companies offering Medicare Advantage by nearly 10%, which far outpaces the payment updates other health care providers have received through the traditional, fee-for-service Medicare program.in payment to private insurance companies offering Medicare Advantage plans for 2023.
While other programs have been updated to use the ICD-10 system, the Medicare Advantage model is currently based on the ICD-9 coding system, which is not currently used by health care providers. This will help ensure CMS pays plans more when they enroll sicker beneficiaries, which reduces incentives to cherry-pick healthy beneficiaries and discriminate against sicker patients.
This year, the Biden-Harris Administration announced it will start recovering improper payments made to Medicare Advantage plans through audits for the first time since 2007. Studies and audits done by CMS and the HHS Office of Inspector General have shown that private insurance companies have charged billions of dollars in overpayments to Medicare Advantage plans and increased costs to the Medicare program – as well as taxpayers.
By law, CMS must administer a variety of Medicare statutory program requirements designed to ensure accurate payments and prevent fraud, waste, and abuse.
Please strong hold my Social Security check. Thank you
The United States of Ukraine.
not one person in congress is doing anything for the people on ssi,ss vets and elderly low income people we're suffering and can't pay bills and they just want to help other country's and not ours wtf spending money there is not helping us and lying to the people is all they do
Thanks to Trump not Biden.
Because your ad for getting boosters won't let anybody reply there, I'll reply to it here: When my natural immunity fades, I'll get covid again to restore it. Take a non-vaccine? Thanks but no thanks.
NO Medicare for All NO Affordable Housing NO Affordable Child Care NO Immigration Reform NO Livable Wage NO Student Debt Cancellation But there is money for WAR and money to go after senior citizens's, healthcare providers, and anyone else they can get their teeth into.
The fact is you cannot trust this administration. They've proven that!
Medicare is well known for taking back overpayments. This mainly between your insurance and healthcare provider.
If you want to strengthen Medicare, end the REACH program which pulls seniors in Traditional Medicare into corporate health plans without their knowledge and against their will. aarp POTUS
Can’t wait for a classic Kamala word salad trying to explain it. Along with Biden bumbling through the teleprompter. Embarrassing leadership
Ask about an ABLE account with a money market fund at a broker like vanguard or fidelity. Tax free growth and withdrawals if using the gains for qualified medical expenses. Tax deduction for 529’s. CD accounts are stupid. Actual treasury bills and bonds are only taxed federally.
Come on man! What a disgrace, Mr. Resident. NOT MY PRESIDENT. Save us, O God! Pour out Thy indignation upon them, and let thy burning anger overtake them. Add to them punishment upon punishment; may they have no acquittal from Thee. from Ps. 69
BTW..the increase in social security payments is always partnered with an increase in the Medicare cost.
That is a 10% increase in the privatizing and profiting of our Medicare. I did not choose to pay for Corporate Profits when I contributed to Medicare insurance from my paycheck for the past 50 years. Get Healthcare Insurance Corporations out of my Medicare!
WAIT ? WHAT