regulatory
confidence high
sentiment positive
materiality 0.70
Clover Health PPO MA plans win 5 Stars for 2027; HMO gets 4.5 Stars, lifting payment year 2028
CLOVER HEALTH INVESTMENTS, CORP. /DE
- CMS awarded Clover's PPO Medicare Advantage plans 5 Stars and its HMO MA plan 4.5 Stars for 2027, which affects payment year 2028.
- Rating reflects May 27, 2026 ruling in Clover Insurance Co. v. HHS (S.D. Ga. No. 25-142), on appeal; with the 20 disputed measures included, PPO plans would have scored 4.5 Stars.
- MA membership grew ~48% year-over-year through H1 2026 to more than 157,000 members, with ~98% enrolled in wide-network PPO plans; 5 Stars permits year-round enrollment.
- HEDIS score 4.82 of 5 Stars for a third straight year, ranking #1 among non-SNP PPO plans with over 2,000 members, unchanged under either CMS methodology.
- CEO Andrew Toy Cites 'market leading plans'; MA CEO Jamie Reynoso says the higher rating lets Clover 'reinvest in even more competitive benefits' without compromising financial strength.