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CMS updates 2 payment models for Medicare plans: 7 things to know
Becker's Hospital Review

CMS debuted two Medicare Advantage health plan changes that it will test under the Value-Based Insurance Design model for 2020, the agency said Jan. 18.

Seven things to know:

1. The new Medicare Advantage model is an update to the Medicare VBID model, which was launched in 2017. The new Medicare Part D model is dubbed the Part D Payment Modernization model.

2. Both models are voluntary, allowing certain Medicare Advantage and Part D plans to opt in to the model. Patients can also choose to enroll in plans participating in the model.