Summary
The Centers for Medicare & Medicaid Services (CMS) announced that Medicare Advantage and Part D payments will increase by 2.48% in 2027. This change, higher than the earlier projected 0.1% rise, aims to improve payment accuracy and maintain plan choices for beneficiaries.
Key Facts
- CMS finalized payments for Medicare Advantage and Part D for 2027.
- Payments will increase by 2.48% compared to 2026, totaling over $13 billion more.
- The increase is larger than the previously projected 0.1% rise.
- The changes aim to improve payment accuracy using updated data on healthcare use and costs.
- CMS is working on a risk-adjustment model to reflect actual health risks.
- The agency emphasizes maintaining Medicare Advantage as an option for seniors.
- Beneficiaries will still have various plan choices under the updated policies.
