Statement of ACAP CEO Margaret A. Murray on 2024 Medicare Advantage Rate Announcement
FOR IMMEDIATE RELEASE: March 31, 2023
FOR MORE INFORMATION: Jeff Van Ness, 202-204-7515; email@example.com
STATEMENT OF ACAP CEO MARGARET A. MURRAY ON 2024 MEDICARE ADVANTAGE RATE ANNOUNCEMENT
WASHINGTON—Margaret A. Murray, CEO of the Association for Community Affilliated Plans (ACAP), today issued the following statement on the 2024 Medicare Advantage and Part D Rate Announcement issued today by the Centers for Medicare & Medicaid Services (CMS). Notably, the rule phases in over three years significant changes to its risk-adjustment model, which measures the relative health of a plan’s enrollees and affects health plan payment rates accordingly:
“We’re glad that CMS finalized a 3-year phase-in to the risk model changes in light of their potential impact on D-SNPs, and appreciate the ability to adjust to these changes over the period of time.
“ACAP will closely track how this change to the risk adjustment system will impact the dually eligible beneficiaries our plans serve, continue our constructive conversations with CMS to examine these impacts, and work to mitigate any unintended consequences these changes to the payment system may have on the coverage available for Medicare’s most vulnerable set of enrollees.”
ACAP represents 79 health plans, which collectively provide health coverage to more than 25 million people. Safety Net Health Plans serve their members through Medicaid, Medicare, the Children’s Health Insurance Program (CHIP), the Marketplace and other publicly sponsored health programs. For more information, visit www.communityplans.net.
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4/3/23: This release was corrected with the proper title of the Rate Announcement publication.