Bonus Pay Keeps Medicare Advantage a Viable Option
May 28, 2010
A new system designed to improve health care quality has insurers like Humana and UnitedHealth Group trying to seek a 4-star or better rating (on a scale of 1-5) as a way to earn a larger share of the estimated $2.5 billion in yearly bonuses being offered. Designed to offset the 10-year scheduled cut in U.S. payments for the plans, Nathan Goldstein, svp of strategic development with Gorman Health Group, calls it “Health-care Darwinism.” The good news is it will significantly offset the planned cuts to Medicare Advantage, helping it to remain a viable option for retirees.
Read the full article on BusinessWeek.com here.