Reuters: Global Markets: U.S. sets final estimate for Medicare Advantage payment rate

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U.S. sets final estimate for Medicare Advantage payment rate Apr 1st 2013, 21:29 Mon Apr 1, 2013 5:29pm EDT (Reuters) - The Centers for Medicare and Medicaid Services on Monday released a final estimated payment growth rate of 3.3 percent for insurers that offer coverage through the Medicare Advantage program, sending share of Humana Inc (HUM.N) up 7 percent after hours. On February 15, the government proposed a Medicare Advantage payment reduction of 2.3 percent. Shares of Humana rose 6.9 percent in after-hours trading from a close Monday of $75.02.

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