Timeline: A History of the Biden Administration’s Medicare Advantage Payment Policies
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Jan 16, 2025
Less than two weeks before the inauguration of President-elect Donald Trump, CMS on Jan. 10 released its last set of payment updates for Medicare Advantage and Part D under President Joe Biden. In the 2026 Advance Notice of Methodological Changes for Medicare Advantage Capitation Rates and Part D Payment Policies, the Biden administration proposed to complete its three-year transition to the 2024 CMS-Hierarchical Condition Categories (CMS-HCC) risk adjustment model (aka, version 28 or v28). At the same time, it included an update to the Medicare Part D RxHCC risk adjustment model to reflect the impact of benefit changes under the Inflation Reduction Act, which Biden signed into law in 2022.
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