CMS announces MA payments for 2024
By HME News Staff
Updated 10:04 AM CDT, Mon April 3, 2023
WASHINGTON – Medicare Advantage plan payments will increase 3.32% from 2023 to 2024, representing about $13.8 billion.
Previously, in an advance notice, CMS had proposed a 1.03% increase.
“Medicare should be providing equitable, high-quality affordable care that will be available for our children and grandchildren,” said CMS Administrator Chiquita Brooks-LaSure. “Paying Medicare Advantage plans more accurately for the care they provide is how we ensure that people enrolled in Medicare Advantage, especially populations with the highest health disparities and people in underserved communities, can continue to access the care they deserve.”
CMS has also proposed policies to strengthen Medicare Advantage that will hold health insurance companies to higher standards by:
- cracking down on abusive and confusing marketing schemes;
- addressing problematic prior authorization practices that prevent timely access to needed care;
- making it easier to access vital behavioral health care; and
- raising the bar on quality and driving toward more equitable care.
Taken together, CMS believes these actions will make the overall Medicare program stronger.
“The commonsense policies in the Rate Announcement ensure these important programs continue to meet the health care needs of all people with Medicare while improving the quality and long-term stability of the Medicare program,” said CMS Deputy Administrator and Director of the Center for Medicare Meena Seshamani, MD, Ph.D.
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