NU Online News Service, Feb. 2, 2004, 10:42 a.m. EST – Managed care companies rushed today to announce plans to improve their Medicare managed care programs.[@@]
Companies announcing reductions in premiums and improvements in benefit packages include Aetna Inc., Hartford; Health Net Inc., Los Angeles; Highmark Inc., Pittsburgh; and Oxford Health Plans Inc., Trumbull, Conn.
The new Medicare Prescription Drug, Improvement and Modernization Act of 2003 includes a significant increase in Medicare managed care program funding. Carriers that get the increased funding must use it to improve benefits for program beneficiaries.