ICD10monitor November 13, 2023
The Centers for Medicare & Medicaid Services (CMS) has announced a series of proposed changes aimed at enhancing the Medicare Advantage (MA) and Medicare Prescription Drug Benefit Program (Part D). These reforms are in line with a broader economic strategy, often referred to as “Bidenomics,” which emphasizes increasing competition, reducing costs, and ensuring accessible, high-quality healthcare for all Americans.
The proposed regulations intend to help Medicare beneficiaries make more-informed decisions when selecting health coverage plans. A significant aspect of the proposal targets the practices of agents and brokers, ensuring that they prioritize the best interests of enrollees over potential excessive compensation, which can sometimes lead to anti-competitive behavior. This is in direct response to concerns that some MA plans are...
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