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Article: Concern grows over 2003 payment rates for Medicare+Choice organizations. (Updata).(Centers for Medicare and Medicaid Services )(Brief Article)
- Article from:
- Healthcare Financial Management
- Article date:
- May 1, 2002
CopyrightCOPYRIGHT 2002 Healthcare Financial Management Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Payment for virtually all Medicare+Choice plans will increase 2 percent in calendar year 2003, Centers for Medicare and Medicaid Services (CMS) administrator Tom Scully announced on March 1, 2002. Conceding that the small boost does not reflect the skyrocketing costs many Medicare+Choice organizations are incurring, Scully asserted that the rates were determined by formulas mandated by law. Congress would need to modify a risk-adjustment formula set in 1998 to establish higher payments.
Congress may consider the issue. In its annual report recommending program improvements, the Medicare Payment Advisory Commission (MedPAC) urged payment increases for ...