News Headlines Article

Cigna could save $350 million from new Medicare Advantage policy shift
Modern Healthcare

The CMS has scrapped a policy that reduced star ratings for Medicare Advantage plans facing sanctions for poor compliance. The move, which was quietly released by the CMS in a memo (PDF) and shocked many in the industry, will immediately protect hundreds of millions of dollars at Cigna Corp., which had its Medicare Advantage plans sanctioned in January.“It does seem pretty unusual to make this kind of dramatic change in a memo,” said Tom Kornfield, a vice president at consulting firm Avalere Health and former CMS official. “It sort of comes out of nowhere.

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