Minnesota

The U.S. has finalized an average rate increase of ‌2.48% in payments next year, compared ‌with the near flat proposal in January, to private ​insurers for the Medicare Advantage plans they manage for older adults, the government website said on Monday.

The Centers for Medicare & ‌Medicaid Services said ⁠the new rate is projected to result in a net average ⁠increase of over $13 billion in additional Medicare Advantage payments to plans in 2027.

Overall, the insurer paid $9.8 billion for members’ medical and pharmacy services in 2025, an increase of $1.7 billion, or 21%, compared with spending on claims the prior year.