Sunday, March 26, 2023 | The Latest Research, Commentary, And News From Health Affairs
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Ahead Of Print
How would reducing Medicare Advantage (MA) plan benchmarks impact
consumers?
A new study released ahead of print earlier this week seeks to answer this question amidst growing concerns that MA plans are overpaid, prompting some proposals to make cuts to the program.
Opponents of such cuts have argued that they would reduce the availability of benefits overall, especially to disadvantaged
populations.
Michael Chernew and coauthors use variation in benchmark changes across markets from 2012 to 2019 to assess the relationship between Medicare Advantage benchmarks, plan generosity, and benefits.
According to the authors' analysis, a decrease of $1,000 per year in benchmarks would result in a $60 per year premium increase per beneficiary, small copay increases, and increases of about $27 in annual deductibles
Further, Chernew and coauthors estimate that higher benchmarks also would lead to reductions in cost sharing.
A Health Podyssey: Mariana Socal on the Global Supply Chain for Generic
Drugs Health Affairs Editor-in-Chief Alan Weil interviews Mariana Socal from the Johns Hopkins Bloomberg School of Public Health on a recently published paper examining sources of production and levels of competition in the global supply chain for generic drugs sold in the United States.
Health Affairs' Jessica Bylander and Chris Fleming dive into the complex world of insulin pricing and recent efforts to control costs for the millions of Americans with diabetes.
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