Medicare Spared ACA Cuts

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  • CMS letter says

Medicare Spared ACA Cuts, CMS letter says

By |May 2, 2013|Categories: Breaking News, Government, Insurance Industry, Medicare, Retirement Planning|Tags: , |

A letter released Tuesday by the Centers for Medicare & Medicaid Services (CMS) dispelled concerns that ACA-mandated Medicare cuts would go into effect this year.

According to the letter, the CMS Chief Actuary is required to calculate the projected 5 year growth rate of per capita cost and spending for Medicare. It must then be determine dwhether or not the growth rate falls within a specified range. The projected growth rates are based upon the medical category of the Consumer Price Index. If the projected growth rate does not fall within the target range, a “savings target” will be implemented and Medicare[…]

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