Health insurance stocks were mixed Monday as investors and analysts await final word from the federal government on Medicare Advantage rates for 2014.
Investors have been wary about possible steep cuts to Medicare Advantage plans since the Centers for Medicare and Medicaid Services said Feb. 15 that it expects costs per person to fall more than 2 percent in 2014, a bigger drop than many analysts who cover the industry anticipated.
The government uses that figure as a benchmark to determine payment for Medicare Advantage plans, which are privately run versions of the federally funded Medicare program for the elderly and disabled people.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
