by Jordana Choucair | Jul 8, 2022 | Payers
The Centers for Medicare & Medicaid Services (CMS) released its proposed 2023 Physician Fee Schedule rule, revealing a small decline in physician Medicare payments next year. CMS proposed a 2023 fee schedule conversion factor of $33.08 for each relative unit which...
by Jordana Choucair | Jul 8, 2022 | Payers
Mercer released findings from its Survey on Health and Benefit Strategies, indicating that employers will focus on affordability and access in designing health benefits for 2023. The report found that two-thirds of the 708 employers polled plan to enhance their health...
by Jordana Choucair | Jul 7, 2022 | Payers
Senate Democrats will propose raising taxes on some high-income Americans to delay a shortfall in the Medicare trust fund. The fund is currently projected to start running out of money in 2028. The proposal would raise an estimated $203 billion over a decade and delay...
by Jordana Choucair | Jul 6, 2022 | Payers
A Kaiser Family Foundation analysis found that healthcare.gov marketplace insurers denied nearly one out of every five claims submitted for in-network services in 2020. Denial rates varied widely across insurers, spanning as low as 1 percent and as high as 80 percent,...
by Jordana Choucair | Jul 6, 2022 | Payers
The American Academy of Actuaries issued its annual look at the landscape for premiums on the individual and small group markets. The report found that the lingering effects of COVID-19, the end of enhanced subsidies for exchange plans, and global inflation are among...
by Jordana Choucair | Jul 6, 2022 | Payers
Last week Cigna closed the divestiture of its life, accident, and supplemental benefits business in Asia to Chubb in a deal valued at $5.4 billion. The divestiture covers assets across six markets in the Asia-Pacific region. Cigna said it plans to use the proceeds...
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