By Jason Millman - 11/30/10 02:08 PM EST
Implementation of a healthcare reform provision requiring limited payments to Medicare Advantage (MA) plans has barely disturbed the industry so far, according to a Washington Post report.
The law limits the amount of money the government gives to MA plans, which allow Medicare beneficiaries the option of receiving their benefits through private health insurance plans. In total, the government is expected to save $145 billion over the next 10 years.
According to the Post, healthcare plan premiums have not risen significantly and benefits have not been limited since the law was enacted. Fewer healthcare plans will be offered in the coming year but not as a result of healthcare reform.
In September, the Obama administration said enrollment in the MA program will increase by 5 percent in 2011, while average premiums will drop by 1 percent.