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MedPAC Calls for Slight Pay Update to 2024 Medicare Rates for Hospitals, Physicians

by Carrie Haubensak | Jan 19, 2023 | Insurance Industry, Medicare

A key Medicare panel recommended a 1% increase to hospital Medicare payments for 2024 as well as a 1.25% bump for doctors coupled with add-ons to safety-net primary and specialty care providers.  The Medicare Payment Advisory Commission (MedPAC)—a panel that makes...

CMS: National Health Spending Grew by 2.7% in 2021 as the COVID-19 Pandemic’s Effects Linger

by Carrie Haubensak | Dec 16, 2022 | Medicare

Health spending grew by 2.7% in 2021, reaching $4.3 trillion, according to new data from the Centers for Medicare & Medicaid Services (CMS). CMS’ annual National Health Expenditures report shows health spending grew at a much slower rate last year than in...

HHS Announces Continued Fast-Paced Enrollment with Nearly 5.5 Million Signing Up for Affordable Health Coverage in ACA Marketplace Since Start of Open Enrollment Period

by Carrie Haubensak | Dec 8, 2022 | Medicare, news

The Affordable Care Act (ACA) Marketplace enrollment continues to move at a fast pace–nearly 5.5 million people have selected an Affordable Care Act (ACA) Marketplace health plan nationwide since the start of the 2023 Marketplace Open Enrollment Period (OEP) on...

Medicare Part D: A First Look at Medicare Drug Plans in 2023

by Carrie Haubensak | Nov 11, 2022 | Medicare, news

During the Medicare open enrollment period from October 15 to December 7 each year, beneficiaries can enroll in a plan that provides Part D prescription drug coverage, either a stand-alone prescription drug plan (PDP) for people in traditional Medicare, or a Medicare...

CVS Health Medicare Supplement and Medicare Advantage Enrollment Increases 31,000 in 3rd Quarter 2022

by Carrie Haubensak | Nov 3, 2022 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement, news

For 3rd quarter 2022, CVS Health reported Medicare Supplement member in-force counts of 1,345,000, up 31,000 from 2nd quarter 2022 and 103,000 over the past 12 months.  The 103,000 increase in membership in the past 12 months is down more than 55% from the membership...

Humana Reports Medicare Supplement and Medicare Advantage Results for 3rd Quarter 2022

by Carrie Haubensak | Nov 3, 2022 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement, news

Humana reported 3rd quarter 2022 Medicare Supplement lives of 316,500, down 0.3% from the result at 2nd quarter 2022 and a 4.7% decrease compared to 3rd quarter 2021.  The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter...
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