CMS reduces size of expected cut in Medicare Advantage reimbursements

The U.S. government announced on March 31 a lower than expected 1.1% average cut of 2024 reimbursement rates for health insurers that offer coverage through the Medicare Advantage program, Reuters reports. It improved the rates it would pay insurers after pushback from the industry, which contended the government was cutting reimbursement rates by too much for them to adequately serve older people enrolled in their plans.