News Briefs: Milliman Paper Signals Decreasing Value-Adds for MA Enrollees in 2025
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Dec 19, 2024
The total added value for standard Medicare Advantage plan enrollees is dropping by nearly $16 next year, according to a new Milliman analysis using its proprietary MACVAT tool. MACVAT uses each MA plan’s benefit offerings and premiums to create an associated “value added.” Between 2022 and 2023, the average total value added for general enrollment plans (i.e., non-Special Needs Plans) grew by roughly 9%, or $22.35, due to enhancements in Part C and Part D benefits, coupled with reductions in member premiums, according to the Milliman white paper. From 2023 to 2024, the total value added was relatively flat, but between 2024 and 2025, it will decrease by more than 6%. That’s partly because of “leaner MA plan benefit offerings,” as national carriers are “notably scaling back benefits,” Milliman observed. Part C benefit value, in particular, will decrease by nearly $11 per member per month next year, added the actuarial and consulting firm.
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