Rollup Review of Impact on Medicare Program for Investment Income That Medicare Advantage Organizations Earned and Retained From Medicare Funds in 2007

January 18, 2011 A federal audit found that Medicare Advantage held federal payments for an average of 46 days before paying provider organizations. The aggregate interest in 2007 was at least $450 million. Auditors recommend that the Center for Medicare and Medicaid Services (CMS) change payment policies. They suggest a payment policy that limits how long organizations can earn interest before paying for services. CMS disagreed with the recommendations, noting that it would not lead to substantial savings. Download the Report . . .