Healthcare Finance News February 20, 2023
Three changes in the Advance Notice would, on average, cut average MA rates in 2024 by 2.27%, AHIP says.
Insurers and the administration are battling over whether Medicare Advantage plans are getting a payment increase or decrease in 2024.
On February 1, the Centers for Medicare and Medicaid Services released the 2024 Advance Notice for the Medicare Advantage and Part D Prescription Drug Programs in which CMS said MA plans are expected to receive a 1.03% increase in revenue.
However, paired with the Risk Adjustment Data Validation final rule released on January 30, insurers are losing money, AHIP President and CEO Matt Eyles said by statement on Friday.
Three changes in the Advance Notice would, on average, cut average...
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