Verma Lauds MA Plans, Points To Problems In Traditional Medicare

One day after the launch of Medicare’s annual open enrollment period, CMS Administrator Seema Verma touted Medicare Advantage plans while saying traditional Medicare is slow to innovate and riddled with misaligned financial incentives. “The lesson here is a basic law of economics: choice increases competition, and competition drives up value,” Verma said in a speech Tuesday (Oct. 16) to insurance industry representatives at a conference hosted by America’s Health Insurance Plans. “This administration has taken critical steps to modernize Medicare...