Becker's Healthcare January 23, 2025
CMS’ proposed Medicare Advantage rates for 2026 are moving in the right direction, but still “insufficient” to cover rising costs in the program, according to Elevance Health executives.
On a Jan. 23 earnings call, Felicia Norwood, executive vice president of government health benefits at Elevance Health, said the company is “very pleased” to see rates trending upwards after two years of cuts.
“While the base rate reflects progress, I think, towards more adequate funding in the program, we still believe that it’s insufficient in light of the cost trends that we’ve seen over the past year,” Ms. Norwood said.
CMS published its proposed Medicare Advantage rates for 2026 on Jan. 10. The agency pitched a $21 billion...
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