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
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit