Oliver Wyman October 20, 2023
The number of bonus-eligible contracts dropped for 2024. But there are some positive trendlines in the latest Star ratings that offer insurers a path forward.
Stakeholders across the industry are pouring over the latest release of Medicare Advantage Star ratings. The data, posted by the Centers for Medicare and Medicaid Services on Friday, Oct. 13, are intended to measure the quality of available plan offerings and give seniors guidance on picking a plan that best fits their needs. For insurers, this year’s release was a stark reminder that ongoing regulatory adjustments can have a dramatic impact on their ratings and, ultimately, CMS bonus payments.
We’ve crunched the numbers and gleaned five...