Feds approve big pay raise for Medicare insurers

A doctor examines an elderly patient.
A doctor examines a Medicare patient. Photo: Keith Bedford / The Boston Globe via Getty Images

The Centers for Medicare & Medicaid Services published a bevy of payment rules and policies yesterday affecting the Medicare Advantage and Part D programs for 2019 — a year when taxpayers are projected to spend $350 billion funding those two health care programs.

The main takeaway: The documents are loaded with industry-friendly terms, including a 3.4% pay hike for Medicare Advantage insurers. It's a significant boost from the 1.84% raise that was proposed in February and the largest such raise for insurers since 2009.