tci Medicare Compliance & Reimbursement - 2003 Issue 45

Health Plans: THE WINNERS: HEALTH PLANS POISED TO RE-ENTER MEDICARE

Health plans are the clear victors in the new landmark legislation.Health plans won a major victory when Congress finally passed a Medicare reform and prescription drug bill. The bill will make Medicare an infinitely more attractive market for health plans, experts and associations agree. Not only will reimbursement rates increase, but in a few years managed care plans will be allowed to compete with fee-for-service Medicare, potentially opening the doors to millions of new customers. The Medicare bill will give prescription drug coverage to Medicare beneficiaries, and health plans would be the likeliest candidates for extending these benefits...

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