Proposed Budget Would Expand Oversight of Medicare Advantage: The FY 2024 Executive Budget and Medicare Advantage
This Bulletin is brought to you by AHLA’s Payers, Plans, and Managed Care Practice Group.
- May 10, 2023
- Katarina Weessies , Strategic Health Law
The Office of Management and Budget (OMB) released its Budget of the U.S. Government for Fiscal Year (FY) 2024, which includes a request for $144 billion in discretionary budget authority for the Department of Health and Human Services (HHS). The requested budget is a $14.8 billion increase from the 2023 enacted budget. It contains multiple initiatives relevant to Medicare Advantage (MA), including targeted risk adjustment reviews and an expansion of Medical Loss Ratio (MLR) requirements.
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