Healthcare Finance News September 17, 2024
This is an 8% decline following the expiration of pandemic-era policies that temporarily increased star ratings for some plans.
After increasing by more than 400% between 2015 and 2023, federal spending on Medicare Advantage bonus payments will decline by $1 billion to $11.8 billion in 2024 – an 8% decline – following the expiration of pandemic-era policies that temporarily increased star ratings for some plans, according to a new KFF analysis.
Despite the decline, total spending on Medicare Advantage plan bonuses is higher in 2024 than in every year between 2015 and 2022.
Seventy-two percent of Medicare Advantage enrollees are in plans that are receiving bonus payments in 2024. Though the share declined from 2023 (85%), it is similar to...
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