Insurers expect that the Centers for Medicare and Medicaid Services’ recent advance notice for Medicare Advantage and Part D plans for the 2024 coverage year will result in a 2.27% cut to plans if finalized, and this could have a negative impact on members’ premiums and benefits, as well as slow MA growth, according to a new Avalere study commissioned by Better Medicare Alliance.
Proposed Medicare Advantage cuts would increase premiums, decrease growth rate, BMA finds
