Becker's Healthcare January 24, 2024
Elevance Health is not expecting its Medicare Advantage membership to grow in 2024.
On a Jan. 24 call with investors, Elevance Health CEO Gail Boudreaux said the company had “greater than expected” attrition in some markets, and it expects its MA membership numbers to remain roughly the same in 2024. Elevance does expect to improve its earnings in the market, however.
“Unfortunately, pockets of the Medicare Advantage market have remained hypercompetitive despite a more challenging funding environment,” Ms. Boudreaux said.
CMS is phasing in Medicare Advantage risk adjustment changes over three years beginning in 2024, which insurers say amounts to a pay cut for the program.
According to an analysis of recent enrollment data from CMS,...
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