Healthcare DIVE October 3, 2022
Dive Brief:
- The average Medicare Advantage premium is projected to fall almost 8% in 2023 to $18 a month, CMS announced Thursday. The decline follows another 10% reduction in average MA premiums from 2021-2022.
- Enrollment in the popular Medicare Advantage plans, where private health insurers cover Medicare Parts A and B benefits and often offer additional benefits, is expected rise again in 2023. Projections indicate enrollment will reach 31.8 million people next year, CMS said.
- A value-based care model that CMS is testing through Medicare Advantage is also on track to expand in 2023. Enrollment in the Value-Based Insurance Design model, which gives MA plans more flexibility in coverage and payments in order to reduce spending, is expected to...
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