Medicare Star Rankings Revision Could Result In Hundreds Of Millions In Additional Bonus Payments For Insurers; Announcement Expected As Soon As Thursday; CMS Plans To Redo Quality Ratings Of Medicare Advantage Plans
Portfolio Pulse from Benzinga Newsdesk
The Centers for Medicare & Medicaid Services (CMS) plans to revise the quality ratings of Medicare Advantage plans, potentially resulting in hundreds of millions in additional bonus payments for insurers. The announcement is expected as soon as Thursday.
June 13, 2024 | 6:53 pm
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POSITIVE IMPACT
Cigna (CI) could benefit from the CMS's revision of Medicare Advantage quality ratings, potentially receiving additional bonus payments.
Cigna is a major player in the Medicare Advantage market. Improved quality ratings could lead to significant bonus payments, positively impacting revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Humana (HUM) stands to gain from the CMS's recalculation of Medicare Advantage quality ratings, which could result in additional bonus payments.
As a significant provider of Medicare Advantage plans, Humana could see increased revenues from higher quality ratings and subsequent bonus payments.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) could see minor positive impacts due to the potential financial benefits for major insurers like CI, HUM, and UNH from the CMS's revision of Medicare Advantage quality ratings.
As CI, HUM, and UNH are significant components of the S&P 500, their potential financial gains from the CMS's revision could slightly boost the SPY ETF.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
UnitedHealth Group (UNH) may see financial benefits from the CMS's revision of Medicare Advantage quality ratings, leading to potential bonus payments.
UnitedHealth Group, a major Medicare Advantage provider, could experience increased revenues from improved quality ratings and additional bonus payments.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80