Becker's Healthcare January 31, 2024
CMS proposed a slight decrease in Medicare Advantage benchmark payments for 2025.
The agency issued its proposed 2025 rate notice Jan. 31, cutting benchmark payments by 0.2% on average. Risk model revision will amount to a 2.45% decline in revenue, according to a fact sheet issued by the agency.
Plans should expect to see 3.7% higher revenue overall, with an MA risk score trend of 3.86% — the average increase in risk adjustment payments year over year — offsetting risk model revisions and a projected decline in star rating bonuses.
“CMS continues to ensure that Medicare Advantage and Part D prescription drug plans remain strong, stable, and affordable offerings,” CMS Administrator Chiquita Brooks-LaSure said in a news...
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