CMS Tells Florida Issuers To Adjust RA Numbers Due To Undercollection

CMS is warning Florida issuers that they could receive lower-than-expected risk adjustment (RA) payments because not all issuers may be able to pay into the system. A CMS official says the letters were only sent to Florida issuers, but an industry source speculated similar action might be needed in other states. Jason Siegel, an actuary with the Chicago-Milwaukee Health practice at Milliman, also predicted similar letters will be sent to insurers in other states. In any market where an issuer...