Posted February 15, 2023
Insurers and the Biden administration are at odds over whether Medicare Advantage (MA) plans will experience a pay cut next year, which would be come from the increase of scrutiny for the program.
Insurer groups and a number of politicians state that the latest 2024 payment rule really means a 2.27% cut to MA plans once risk adjustment changes and other factors are enacted. CMS disagrees, saying that it is not the case.
The debate comes amid increasing scrutiny of MA and after CMS has proposed an overhaul to plan audits to curb overpayments.
“We think it is important not to cherry-pick the numbers,” said CMS Administrator Chiquita Brooks-LaSure during a call with reporters last week. “When we look at all the elements, we do see a net positive so an increase of little over 1%.”
Click here for the full article.
For over 30 years, Corridor has partnered with home health and hospice providers, delivering powerful solutions to support the unique challenges of caring for patients in the home. Our team of operations executives, clinicians, and nationally renowned industry experts have run provider organizations and resolved the same challenges you face.
To receive the most important industry updates, insights and news impacting home health and hospice, please make sure to sign up for our weekly newsletter.