Medicare Advantage provider, benefit cuts may follow rate reduction

Medicare Advantage provider, benefit cuts may follow rate reduction
Modern Healthcare, by Nona Tepper; 2/6/24
Medicare Advantage insurers are likely to respond to a modest rate cut next year by adjusting premiums, benefits, provider reimbursements and other factors to emphasize profitability, financial analysts said. Although the Centers for Medicare and Medicaid Services has downplayed the effects of its proposed 0.16% reduction in the Medicare Advantage benchmark rate for 2025, the rule issued last Wednesday is the latest in a string of policies that has Medicare insurers and their investors wary about the program.