Hill November 7, 2023
The Biden administration is proposing tighter regulations to cut down on “anti-competitive” practices in the Medicare Advantage (MA) market including strengthening the rules that limit how much compensation agents and brokers can receive for enrolling Medicare beneficiaries into MA plans.
The Centers for Medicare & Medicaid Services (CMS) said in a statement that the proposed rules will “help people with Medicare select and enroll in coverage options that best meet their health care needs by preventing plans from engaging in anti-competitive steering of prospective enrollees based on excessive compensation to agents and brokers, rather than the enrollee’s best interests.”
As the proposed rule notes, CMS has long been required to maintain guidelines that incentivize Medicare brokers and agents to enroll...
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