Healthcare Finance News March 31, 2023
CMS released 2024 Medicare Advantage Program and Part D Payment policies on Friday.
The Centers for Medicare and Medicaid Services anticipates a payment increase for Medicare Advantage plans of 3.32% from 2023 to 2024, which is approximately a $13.8 billion increase in MA payments for next year, according to the 2024 Medicare Advantage and Part D Rate Announcement finalized payment policies released late Friday afternoon.
This compares to the 1.03% increase in revenue under the proposed 2024 Advance Notice for the Medicare Advantage and Part D Prescription Drug Programs released by CMS in February.
The Rate Announcement finalizes updates to MA payment growth rates and changes to the MA and Part D payment methodologies. These include technical...
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