Healthcare Finance News April 4, 2022
This is larger than the 7.98% increase proposed in the February advance notice.
Medicare Advantage plan payments are expected to get an 8.5% revenue increase for 2023. This is an increase over the 7.98% proposed in the February advance notice.
The 2023 growth rate is set at 4.88% in the rate announcement released today by the Centers for Medicare and Medicaid Services. This is compared to the proposed 4.75% in the 2023 Advance Notice.
CMS said it set the rates after considering all of the comments received from stakeholders. CMS solicited comments on a variety of topics, including promoting health equity in Medicare Advantage and Part D plans.
“CMS’s goals for Medicare Advantage and Part D mirror our vision...
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