Cuts proposed for insurers in Medicare program

Published February 20, 2015 11:05pm ET



The federal government proposes to pay health insurers about 1 percent less in 2016 for a Medicare program that offers private health plans to seniors, which is sure to draw the ire of the industry.

The proposed rate notice announced Friday would be for Medicare Advantage, which provides private health plans that cover Medicare Part B and D and covers about one-third of Medicare beneficiaries.

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