Medicare Advantage rate cut remains as feds keep up pressure

Fierce Healthcare April 1, 2024
Noah Tong

Insurers will feel resentful Monday as the feds opted to not reverse its decision to decrease Medicare Advantage benchmark payments by 0.16%, the Centers for Medicare and Medicaid announced.

CMS still maintains average payments to increase by 3.7% in 2025. The federal government expects to pay up to $600 billion in MA payments to private plans.

“CMS continues to take steps to maintain the stability of the Medicare Advantage and Part D prescription drug programs,” said CMS Administrator Chiquita Brooks-LaSure in a statement. “The finalized policies in the Rate Announcement and the Part D Redesign Program Instructions will make improvements to keep Medicare Advantage payments up-to-date and accurate, lower prescription drug costs, and ensure that people with Medicare have access...

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