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April 08, 2022

CMS Releases 2023 MA and Part D Rate Announcement

On April 4, CMS released the 2023 Medicare Advantage and Part D Rate Announcement.  CMS also released an accompanying Fact Sheet.  The rate announcement included an expected average change in revenue of 8.5%.  CMS will continue to calculate risk scores exclusively using Medicare Advantage encounter data and FFS claims. CMS once again maintained the minimum coding pattern adjustment of 5.9%.  The rate announcement also finalized a .54% average increase in Medicare Advantage star ratings.