Becker's Healthcare June 27, 2024
The first half of 2024 brought shifting trends for Medicare Advantage.
Payers continued to warn of rising medical costs in the MA population, and some are predicting they will lose members next year. Insurers picked up a win in June when CMS said it would recalculate star ratings for 2024.
Here are 10 key Medicare Advantage updates to know:
- CMS recalculated Medicare Advantage plans’ star ratings after Elevance Health and the SCAN Group successfully challenged the agency’s methodology in court.
- Some Medicare Advantage insurers may pare down their plan offerings in 2025. CVS Health said it expects to lose up to 10% of its Medicare Advantage members in 2025 as it restructures its plan offerings....
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