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Doctor Survey Shows More Than 10 Percent May Close In 2011

A survey conducted by the American Academy of Family Physicians (AAFP) shows that about 13% of family physicians who have an ownership stake in their practices may close their practices if Congress does not halt planned drastic cuts in reimbursements in January 2011.  Congress has announced planned cuts of 30% in the Medicare reimbursement rate beginning January 1, 2011.  Initially the cutbacks were set to take effect December 1, but Congress recently voted to delay implementation by one month. Nearly two-thirds of survey respondents said they would have to stop accepting new Medicare patients and nearly three-fourths said they would […]

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Arizona Medicare Advantage Providers Will Benefit From Bonus Plan

A recently announced bonus plan designed to reward outstanding Medicare Advantage Plans will also give a boost to average Arizona Medicare Advantage plan providers.  The original design for the bonus structure offered additional incentive payments for plans that achieved a four- or five-star ranking from the Centers For Medicare and Medicaid Services (CMS) beginning in 2012.  Changes to the bonus structure will enable three star plans to receive some incentive payments as well.

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Medicare Proves To Be Driving Issue In Midterm Elections

Planned cuts to Medicare spending are driving senior citizens to rethink their support of some candidates in the November election. Republicans wasted no time in trumpeting the fact that Democrats have “cut $500 billion from Medicare.” In reality, the plan calls for a reduction in the increase on federal Medicare spending. The increase has been trimmed from 6.8% to 5.5% annually. Does this really translate into cuts for Medicare? Overall Medicare spending is expected to reach nearly $1 trillion by 2020. Currently, the federal government spends about $520 billion on Medicare annually. Over the next decade, the cuts will reduce […]

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CIGNA Will Drop PFFS Plan In Arizona For 2011

CIGNA has announced that it will drop its current Private Fee-For-Service Medicare Advantage Plan for 2011. In June, CIGNA HealthCare of Arizona applied to renew its Medicare Advantage HMO contract for select counties in Arizona, and its national Medicare Part D insurance plans. The company declined to renew its PFFS plan. In 2010, more than 330,000 persons (or 38.5% of all Arizona Medicare beneficiaries) are enrolled in a Medicare Advantage plan. Currently, Arizona has about 859,000 Medicare beneficiaries. Nationally, about 25% of Medicare beneficiaries are enrolled in a Medicare Advantage plan. According to a study of Medicare Advantage plans conducted […]

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