KFF Release – 30% Increase in Bonus Payments to MA Insurers
Medicare Advantage insurers will collect at least $12.8 billion in Federal Bonus Payments in 2023—a nearly 30% increase from 2022
New KFF analyses highlight trends in enrollment, benefits and cost-sharing, and bonus payments for Medicare Advantage Plans
Federal spending on bonus payments to insurance companies that offer Medicare Advantage plans will reach at least $12.8 billion in 2023, according to a new KFF analysis. That is a nearly 30% increase from 2022, and more than quadruple the spending in 2015.
These data come from one of three analyses released today by KFF that examine various facets of the Medicare Advantage program, which provides health insurance coverage to nearly 31 million Americans. KFF examined trends in enrollment, premiums, out-of-pocket limits, cost sharing, supplemental benefits, prior authorization, star ratings and bonus payments.