Summary of Final Rate Notice, Part C, and Part D Bid Review Memo

The Wakely Summary of the CY2024 Final Announcement provides a thorough summary of the final Medicare Advantage (MA) Part C and Part D payment policies for 2024. We cover what has changed since the Advance Notice and provide an independent estimate of the potential revenue impact on MA plans in 2024. We also describe CMS’s responses to comments submitted related to the Advance Notice. These responses provide insight on current CMS positions and possible changes for future years.