In the constantly evolving Medicare Advantage landscape, the 2024 Star Ratings release marks the beginning of a transformative phase that is set to shape the system for years. As health plans integrate the latest ratings into their financial outlooks, it is crucial to understand the broader consequences and refine strategies. This white paper builds on our earlier publication titled “Future of Medicare Star Ratings: The Reimagined CMS Bonus System.” We discuss:
- 2023 to 2024 star rating shifts
- Overall star rating simulations
- Simulated cut points scenarios
- Impact of area and savings levels
- Other star rating methodology changes for 2024 and beyond