Healthcare Finance News October 11, 2019
Medicare Advantage plans that scored well on star ratings began releasing their results yesterday ahead of a full announcement by the Centers for Medicare and Medicaid Services and the start of open enrollment on October 15.
Star ratings are important to health plans because they are tied to bonuses and benchmark rates, and because they make a difference to consumers when choosing a plan.
They’ve become more important as insurers get into and increase their reach into the lucrative MA market.
America’s Health Insurance Plans, citing information from Becker’s, said an estimated 20 insurers are expanding Medicare Advantage products.
Cigna recently announced it would add MA offerings in 80 counties across 17 states.
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