Medicare Advantage plans face new rate cut under CMS proposal

Medicare Advantage plans face new rate cut under CMS proposal
Modern Healthcare, by Nona Tepper; 1/31/24
The Centers for Medicare and Medicaid Services is calling for another reduction in the Medicare Advantage base payment rate, which could further challenge health insurers struggling with rising costs. Under a proposed rule issued Wednesday, the Medicare Advantage benchmark would be 0.16% less in calendar 2025 than under current policy, excluding risk adjustment, and would mark a second consecutive year of a lower benchmark rate. The agency plans to finalize the rule by April 1.