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Healthcare Financial News - CMS Announces 2008 Medicare Advantage Payment Rates and Part D Payment Updates

Healthcare Financial News


Friday, April 06, 2007
CMS Announces 2008 Medicare Advantage Payment Rates and Part D Payment Updates

The Centers for Medicare and Medicaid Services has released the 2008 Medicare Advantage capitation rates and payment policies and changes in Medicare Part D payment.

For Medicare Advantage plans, the aged and disabled capitation rates will increase about 3.5 percent. A statutorily mandated adjustment to the MA rates results in an MA rate of growth that is less than the estimated Medicare growth trend for 2008 of about 4.3 percent.

Changes in Medicare Part D payment for CY08 include extending the Medicare demonstration to limit annual changes in Part D premiums due to beneficiary choice of low-cost plans and the Medicare demonstration to transition enrollment of low-income subsidy beneficiaries.

Download the 2008 Medicare Advantage capitation rates.

Download the 2008 Medicare Part D changes.

posted on 4/6/2007 7:59:18 AM (CST)  Permalink