CMS proposes modest pay hike for Medicare Advantage plans

CMS released its proposed changes Wednesday for the Medicare Advantage and Part D Prescription Drug Programs for 2018.

Advertisement

Under the proposal, health insurers that offer Medicare Advantage plans would receive a payment increase of 0.25 percent on average in 2018.  

“This moderate growth is consistent with last year’s update and reflects a similar pattern in Medicare fee-for-service,” said CMS. “Plans that improve the quality of care they deliver to enrollees can see higher updates and can grow and enhance the benefits they offer to enrollees.”

CMS will accept comments on the proposal through March 3, and the agency will announce the final payment rate April 3.

More articles on payer issues:

Cigna reports 4.4% increase in revenue boosted by commercial business
Anthem beats estimates as Q4 adjusted net income jumps 55%
Questions around ACA replacement put insurers in strategic deadlock: 5 things to know

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.