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Health Insurers Take Hit on Smaller Medicare Rates
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Description
FBN’s Peter Barnes on the impact of upcoming changes to Medicare.
- Duration 1:03
- Date Feb 19, 2013
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Transcript
This transcript is automatically generated
-- -- -- the federal government is proposing a surprise 5% cut in the rates it pays insurance companies like Humana.
Starting -- 24 -- a manager popular Medicare option.
Known as Medicare Advantage it's basically.
The HMO.
For Medicare by a quarter of all seniors in Medicare are enrolled in Medicare Advantage instead.
Our regular Medicare it to attends the cost little bit less lower deductibles.
But you have to be in the HMO.
Late Friday the Centers for Medicare & Medicaid Services.
Quietly announced.
This proposed change which would take effect for rab -- for the companies that manage Medicare beneficiaries in Medicare Advantage -- 45 day comment period comment period so it's not.
Settled than decided firmly yet the companies have time to push back but that's what is that these health care stocks.
Knocked off today than may have announced it quietly on Friday but this Tuesday morning it's gonna spectacular effect on health insurance stocks as they -- down big time beta launch in Washington -- -- much indeed.
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