CMS Finalizes 3.32% MA Pay Bump, Phase-In Of Controversial Risk Adjustment Model

By Bridget Early / March 31, 2023 at 8:54 PM
CMS on Friday (March 31) released a 2024 Medicare Advantage and Part D rate notice that projects plans will see a 3.32% overall pay bump next year -- about a $13.8 billion increase from 2023 rates -- which is higher than the controversial 1.03% bump CMS laid out in its advance notice. The agency will also phase in several factors that contribute to its overall rates for the program, including a hotly contested risk adjustment model, after some stakeholders asked...

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