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Medicare Advantage cuts will also impact Puerto Rico

Although CMS will increase premiums next year, the increase will not be enough to cover the expected $800 million adjustment, which will now be phased in over the next three years

April 6, 2023 - 2:45 PM

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Even though CMS increased the premiums for 2024, the cuts by concept of adjustments to the federal agency's risk models continues forward, but it will be, if lucky, for three years, less than what was envisioned by MMAPA (Suministrada)

By Maricarmen Rivera Sánchez

Periodista de Negociosmaricarmen.rivera@gfrmedia.com

Starting next year, Medicare Advantage plans in Puerto Rico will see a large cut in the Centers for Medicaid and Medicare Services (CMS) allocations, but will now be phased in, said Roberto Pando Cintrón, president of the Medicaid and Medicare Advantage Plans Association (MMAPA)