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Biden Administration’s New Payment Rule Will Protect and Strengthen Medicare for Generations to Come

By March 31, 2023No Comments

Washington, DC — Today, CMS released the finalized 2024 Medicare Advantage & Part D Rate Announcement policies to protect the program for generations to come. Under the plan, Medicare will improve payment accuracy and strengthen the program for millions of seniors. In response, Protect Our Care Chair Leslie Dach issued the following statement: 

“The final Rate Announcement demonstrates the Biden-Harris administration’s commitment to protecting Medicare by increasing payments, holding insurance companies accountable by reining in their abuse of the system, and taking steps to make our health system more accessible and more equitable. The CMS plan protects seniors and takes important steps to limit insurance company greed.

“The policies finalized today take on insurance companies who game the system by discriminating against the sickest enrollees or using fraudulent billing practices that abuse taxpayer dollars. Importantly, CMS is aligning Medicare Advantage with the rest of the health system by requiring accuracy in billing and utilizing the most up-to-date diagnosis codes. It’s time for the industry and Republicans to stop their false attacks on the Biden administration and instead provide seniors with the quality care they have earned.”