June 13 (Reuters) - The federal government plans to redo
this year's quality ratings of private Medicare plans, the Wall
Street Journal reported on Thursday, citing people familiar with
the matter.
The move could deliver hundreds of millions in additional
bonus payments to insurers next year, benefiting Medicare
insurers at a time when their business is under pressure from
rising healthcare costs and lower-than-expected rates for next
year, according to the report.
A decision by the Centers for Medicare and Medicaid Services
could be announced as soon as Thursday, the report added.
The ratings for a year determine bonus payments to the
insurers in the following year.
Two court rulings have faulted the agency's ratings in cases
filed by insurers SCAN Health Plan and Elevance Health ( ELV ),
the report said. SCAN, a nonprofit, and Elevance, one of the
biggest Medicare insurers, won their challenges of CMS' ratings
calculations last week, it added.
CMS did not immediately respond to a Reuters request for
comment.