CMS Expects 1% Pay Bump Restricted By Risk Adjustment Revisions

By Bridget Early / February 1, 2023 at 8:34 PM
CMS on Wednesday (Feb. 1) projected in the 2024 advance rate notice that Medicare Advantage plans could see a pay bump of around 1% for 2024 – a sharp decrease from the more than 8% pay bump they received for 2023, as well as the 4% increase plans got for 2022. The smaller pay raise is due in part to CMS proposing a revamped risk adjustment model and changes in star ratings that are projected to hurt plan payments. The...

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