Becker's Healthcare March 15, 2024
The Medicare Payment and Advisory Commission called for a “major overhaul” of Medicare Advantage policies in its annual report to Congress.
MedPAC, which advises the U.S. government on Medicare issues, published its annual report March 15. The commission estimated that in 2024 the government will spend $83 billion dollars more on Medicare Advantage beneficiaries than if they were enrolled in fee-for-service Medicare.
According to MedPAC’s estimates, higher spending in Medicare Advantage will increase Medicare premiums by $13 billion in 2024, and coding intensity in the program will be 20% higher in Medicare Advantage than in fee-for-service in 2024.
“A major overhaul of MA policies is urgently needed for several reasons,” the commission wrote in its report. MedPAC...
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