Feds tinker with Medicare Advantage risk payments

Medicare Advantage covers 20 million people. Photo: Bill Clark / CQ Roll Call via Getty

The Centers for Medicare and Medicaid Services has proposed a new way to pay health insurance companies that sell Medicare Advantage plans to more than 20 million seniors and disabled people.

Why it matters: The new payment model is complex, but it will affect billions of dollars starting in 2019 and will change how insurers code their sickest members.