Fierce Healthcare October 13, 2023
Approximately 42% of Medicare Advantage plans that offer prescription drug coverage will have a star rating of four or more in 2024, marking yet another substantial decrease from 51% in 2023 and 68% in 2022.
The Centers for Medicare & Medicaid Services released its annual star ratings report for Medicare Advantage and Part D plans Friday, ahead of Medicare’s open enrollment period Oct. 15.
Approximately 74% of MA plan enrollees are currently in contracts that will have four or more stars in 2024, but just 42% of MA plans that offer prescription drug coverage will have an overall rating of four stars or higher.
Star ratings reflect enrollees’ experiences in MA plans and Part D prescription plans, rate on a...