HealthLeaders Media April 5, 2024
CMS announced it will continue with its 0.16% rate cut for Medicare Advantage plans insurers.
KEY TAKEAWAYS
– The new rate cut is here and it’s sending the payer landscape into a frenzy.
– Payers stocks took a hit amid the news of the rate cuts, as will their payments for next year.
– Medicare Advantage has seen unusually high medical costs, among several other factors that are playing into the marketplace.
The Medicare Advantage rate cut proposed in January is here to stay, and payers are not happy.
CMS announced the finalization of the 0.16% rate decrease on Monday, to the disappointment of payers and their investors.
Insurer stocks immediately began to drop, with Humana seeing a nearly 10%...
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