October 7, 2022
  • The Centers for Medicare & Medicaid Services (CMS) released Medicare Advantage (MA) plan star ratings, revealing the average rating for the private plans has fallen compared to last year. The average rating across all plans is 4.15 out of a possible 5 stars for next year, down from 4.37 in 2022 and 4.16 in 2020. Just half of MA plans with prescription drug coverage received ratings that will earn them bonuses for the 2023 plan year, down from nearly 70 percent in the current year. The ratings, which are based on 38 performance and quality measures, are meant to help seniors identify the highest-performing plans during open enrollment— but can also have a big financial impact on insurers. (Press release here; Articles here and here)