Becker's Healthcare July 28, 2023
Centene could end 2023 with no four-star rated Medicare Advantage contracts, CEO Sarah London told investors on a July 28 call.
The company has been working to improve its Medicare Advantage star ratings. The percentage of Centene members with four-star or higher plans dropped from 48 percent to 3 percent in 2022.
Variability in cut points from CMS means Centene’s single four-star Medicare Advantage contract’s rating could drop this year, Ms. London said.
“While this is disappointing, we do expect to see meaningful movement in our three- and 3.5-star bands in October, and roughly two-thirds of our members are in plans showing year-over-year improvement,” Ms. London said.
The company had previously been targeting reaching 20 percent...
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