Health Payer Intelligence March 31, 2023
In addition to boosting Medicare Advantage payments by $13.8 billion, HHS finalized technical changes to the risk adjustment model.
HHS has finalized the 2024 Medicare Advantage and Part D rate announcement, which includes a 3.32 percent increase in Medicare Advantage payments.
“Medicare should be providing equitable, high-quality affordable care that will be available for our children and grandchildren,” CMS Administrator Chiquita Brooks-LaSure, said in the press release. “Paying Medicare Advantage plans more accurately for the care they provide is how we ensure that people enrolled in Medicare Advantage, especially populations with the highest health disparities and people in underserved communities, can continue to access the care they deserve.”
The update reflects a 2.28 percent increase in the effective growth rate,...
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