Thank you for sharing!

Your article was successfully shared with the contacts you provided.

At the end of February, the federal government was set to cut payments to Medicare by 2.2 percent. Suddenly, on April 1, the whole situation was reversed: Not only were funds for Medicare not cut, they were increased by 3.3 percent. To Washington outsiders, it sounds like an April Fool’s joke, but it wasn’t.

Why the turnaround? There were two reasons to increase the amount, according to Jessica Stone, a policy analyst at the Committee for A Responsible Government, a non-partisan group dedicated to educating the public on fiscal issues. The first and main reason was that the 2.2 percent cut was based on flawed formula used to calculate the Medicare payout.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

Dig Deeper



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.