Manatt Health Partner Alex Dworkowitz was quoted in Modern Healthcare on the future of Medicare Advantage payment plans and what the projections for the coming year mean. According to the article, the Centers for Medicare and Medicaid Services estimated a considerable revenue increase for 2023, a result of a similarly large growth rate, which accounts for additional plan expenses from COVID-19 and the current high inflation atmosphere. Dworkowitz clarified the relationship between the increased revenue and growth rate, stating, “This growth rate isn't free money for plans—it's meant to compensate for the expectation that plans' costs will be higher next year.” These projections are likely to contribute to the prosperity of the MA market as successful plans expand their offerings and new firms enter the space.
Modern Healthcare subscribers can read the full article here.