Buchanan Lauds CMS Decision to Bolster Medicare Advantage
WASHINGTON – U.S. Rep. Vern Buchanan, R-FL, a senior member of the House Ways and Means Committee, today praised the Center for Medicare and Medicaid Services (CMS) for its decision to increase the government’s reimbursement rate for Medicare Advantage next year. A payment raise of 1.25 percent is a reversal of the 0.9 percent cut announced earlier this year.
“Medicare Advantage plans have a proven track record of improving health outcomes, reducing costs, and offering much needed personal choice to seniors,” said Buchanan who serves on the Health Subcommittee which has jurisdiction over Medicare. “On behalf of the seniors in my congressional district, I applaud CMS for reversing their initial proposal and providing a much-needed increase in these critical rates.”
With over 54,000 Medicare Advantage enrollees in his congressional district, Buchanan strongly opposed the initial CMS plan to cut the reimbursement rate. Buchanan voiced his objection and reiterated his support of the program in a letter to Acting CMS Administrator Andy Slavitt last month.
Buchanan added that this decision means certainty and peace of mind for the 16 million Americans enrolled in Medicare Advantage nationwide. Many of these enrollees are senior citizens living on fixed incomes who would have faced additional financial burdens if the proposed cuts had gone into effect.
"We must continue to protect this vital program and honor our commitment to America's seniors," Buchanan said.