Actuaries at the CMS appear to have leaked sensitive financial information about the future direction of Medicare Advantage rates to insurance industry stock market analysts. It's the second year in a row that market-moving data has been prematurely released, although this time the source is no mystery.
The Wall Street Journal reported Friday morning that the agency told industry actuaries during a Dec. 3 teleconference that Medicaid Advantage rates would be lower than expected for 2015. Nearly a quarter of the 400 people on the call were unidentified, according to the paper's review of public records. “I'm never sure who is on the call,” an agency official admitted to the paper. “I wouldn't be surprised if there were one or two stock analysts on the call.”