Becker's Healthcare February 3, 2023
Proposed Medicare Advantage plan rates introduced by CMS could have some impacts on revenue, but it’s too early to see the full scope, Cigna CEO David Cordani told investors on a Feb. 3 call transcribed by Seeking Alpha.
“The initial rate letter that came out does have lower, or somewhat anemic revenue,” Mr. Cordani said. “We’ll await the final rate letter that comes forward relative to that. Having said that, I think it’s a little bit early to presuppose what 2024 growth outlook may look like because you compete on a relative basis.”
CMS published an advance notice Feb. 1 proposing a small revenue bump of 1.03 percent on average for Medicare Advantage and Part D plans in...
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