On April 1, 2013, CMS released its 2014 Final Call Letter for the Medicare Advantage and Medicare Part D programs. Along with the Final Call Letter, CMS published a brief press release highlighting a handful of changes to the programs. In its press release, CMS focused on changes to the Medicare Advantage Risk Adjustment payment system, its efforts to reduce Part D beneficiary out-of-pocket spending, and limits on Medicare Advantage plans’ ability to increase beneficiary costs.

We will be providing further analysis of the Final Call Letter and changes made as the result of comments to the Draft Call Letter in the upcoming week.