regulatory
confidence high
sentiment negative
materiality 0.70
CMS proposes sanctions suspending Elevance Medicare Advantage enrollment over risk adjustment data issues
Elevance Health, Inc.
- CMS notified Elevance of intent to impose sanctions suspending MA-PD enrollment and certain communications effective March 31, 2026 unless resolved.
- Sanctions relate to alleged noncompliance with Medicare Advantage risk adjustment data submission requirements for dates of service prior to April 3, 2023.
- Elevance revised practices in April 2023 following additional regulatory guidance; current MA-PD members' benefits and plans are unaffected.
- Company is engaging with CMS and committed to addressing concerns cooperatively.