Public Pension Funding Index, 1st quarter 2021
Public pensions funded ratio rises to new high of 79.0% in the first quarter, up from 78.6% three months earlier, fueled by strong and steady market rebound since March 2020.
The Center for Medicare and Medicaid Innovation (CMMI) in 2020 introduced a new Medicare fee-for-service (FFS) risk program, Direct Contracting (DC), which is open to participation by Medicare Advantage (MA) plans. This white paper discusses how MA plans are well positioned to leverage their existing provider relationships, care management, and risk score coding programs to become successful Direct Contracting entities (DCEs). The paper gives historical context to CMS’s allowing of organizations to take financial risk for Medicare FFS patients. It also defines DCEs and how they generate savings, explains why should an MA plan become one, and considers possible deadlines for a model start date of Jan. 1, 2022.