Filed Under:Health Insurance, Medicare

CMS to Medicare plan bidders: Spend less

Medicare Advantage plan managers may have to tighten this. (AP photo/Kim Johnson Flodin)
Medicare Advantage plan managers may have to tighten this. (AP photo/Kim Johnson Flodin)

The federal Centers for Medicare & Medicaid Services (CMS) wants the national per capita "growth percentage" for the Medicare Advantage plans that cover the aged and disabled to be minus 2.3 percent.

The growth percentage is turning into a shrink percentage because CMS is expecting per-capita plan medical costs to fall 3.2 percent, CMS officials said in a 199-page description of the 2014 Medicare plan bidding methods

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Nichole Morford

Nichole Morford
Managing Editor

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