CMS pitches new MA and Part D voluntary payment models

Dive Brief:

• The Center for Medicare and Medicaid Innovation announced two new voluntary models Friday for Medicare Advantage and prescription drug Part D plans that will begin in 2020 and run through 2024.

• The Medicare Advantage Value Based Design Model builds on the current Value Based Insurance Design (VIBD) and will test new service delivery approaches for these private Medicare plan beneficiaries for the 2020 plan year, including expanding access to telehealth, increasing incentives linked to healthy behaviors for beneficiaries and allowing reduced cost sharing and targeted benefits for beneficiaries.

• Under the second model, called Part D Payment Modernization, participating insurers will assume greater risk for Part D catastrophic spending to encourage better...

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