Risk Adjustment in Medicare Advantage Explained

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Risk Adjustment in Medicare Advantage Explained. Learn:
1) What a Hierarchical Condition Category (HCC) is.
2) What the Risk Adjustment Factor (RAF) is.
3) How health insurance companies maximize HCCs and RAFs to maximize their payments per beneficiary from CMS (the Centers for Medicare and Medicaid Services).
4) About the alleged fraud and over-billing by health insurance companies in Medicare Advantage as reported by the New York Times.

Sources:

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You and these videos are invaluable - We are witnessing in real time the privatization of Medicare in front of our eyes -
(Just like the penal system and huge parts of the defense industry )

Single payer doesn’t look so bad 😢

samchoi
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I just landed a job in the Medicare Advantage space for one of said insurance companies. This video helps me understand this new world I just jumped into! Thank you!

malcorub
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Thank you for all these videos dr.bricker. As someone that is new to the field these videos have been very insightful!

sushibooshi
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Dr. Bricker thank you again for your analysis. This is absolutely invaluable information!

narekpapukyan
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One thing that he didn't mention in the video is that HCC capture is a zero-sum game. The CMS budget does not magically increase when we capture HCC codes. CMS "normalizes" RAF scores so that the average value across the nation is 1.0. This adjusted number is the Risk Score. So if United is really aggressive with HCC capture and blue cross isn't, then blue cross would get paid less even thought their patients aren't any healthier.

Everyone in a full risk contract has to get good at this, or they will get paid less.

JeromyTimmer
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I think you forgot to mention ACOs and value-based care as a way to controlling for over coding

DataTranslator
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This is surprising. I thought that with MA plans, that the insurance company was taking all of the risk for treating the health of the patients and all that CMS had to do was pay the insurance company a flat monthly payment for each beneficiary. I didn't know that CMS had to pay even more to insurance companies for sicker patients. Don't you think it kind of defeats the purpose of the having MA plans if CMS has to continually pay additional amounts? Am I missing something?

tomm
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Sad. Americas healthcare is so complicated. Medicare basically doesn't know what it's paying for and trusts these corporate insurance companies to do their job? Wow. Just wow. No wonder the federal government is under their mercy. But the saddest part is, more hell for doctors to fight for preauthorizations and as doctors get tired of arguing, patients are dying.

poojapatwal
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YouTube May 7, 2023 Senate Sub-Committee hearings "Medicare Advantage Delays & Denials" 🧐

quinntheqt