Verma: Plans Must Join Value-Based Arrangements Or Become Obsolete

CMS Administrator Seema Verma called on insurance plans to work with CMS to drive value-based arrangements, warning that, while premiums are going down for Medicare Advantage plans, private insurers could become obsolete if Medicare for All were to move forward. Verma touted CMS’ recent announcement that MA premiums are expected to decrease next year at America’s Health Insurance Plans’ (AHIP) conference on Tuesday (Sept. 24). MA monthly plan premiums are expected to drop 14% in 2020. Additionally, MA plan choices...