Becker's Healthcare November 20, 2023
CMS paid Medicare Advantage organizations an estimated $16.6 billion in overpayments in fiscal year 2023, CMS reported Nov. 15.
The estimated payment error rate in MA, or Medicare Part C, was 6.01% in fiscal year 2023, according to a CMS fact sheet. The error rate was lower than in fee-for-service Medicare, where the payment error rate was 7.38%, or $31.2 billion.
Estimated payment error rates in 2023 were not statistically significantly different from 2022’s rates, CMS said. 2023 marks the seventh year fee-for-service Medicare payment error...
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