By Matthew Heimer, February 24, 2014, 12:52 PM
Federal regulators have proposed larger-than-expected cuts in the government’s payments to the private insurers that run so-called Medicare Advantage plans—a move that insurers warn could force them to reduce services to retirement-age patients who belong to those programs. The cuts, which would take effect in 2015, were announced late last week by the Centers for Medicare and Medicaid Services, the agency that administers Medicare.