(Reuters) - The Obama administration's announcement on Monday that it would roll back proposed cuts to privately managed Medicare plans is a positive for insurers because the final plan is "less worse" than the one proposed, Wall Street analysts said on Tuesday. The government agency that oversees Medicare said after the stock market closed on Monday that on average, reimbursements to insurers for private Medicare plans would rise 0.4 percent, reversing what it said was a proposed cut of 1.9 percent. Analyst Sheryl Skolnick of CRT Capital said the "less worse" results could lead to a bit of a relief rally in insurers' stocks on Tuesday morning. Each year, the government releases its formulas for determining how it will reimburse the insurers for plan members' procedures and doctor visits.
via Health News Headlines - Yahoo News http://ift.tt/1kGh8DG
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