Today, the Centers for Medicare & Medicaid Services (CMS) released the 2025-2026 Medicaid Managed Care Rate Development Guide. This is a resource for states to use when setting capitation rates with managed care plans for the care beneficiaries receive through Medicaid managed care programs. The guide provides details about information that must be included in the states’ actuarial rate certifications for CMS to review and approve for rating periods between July 1, 2025, and June 30, 2026.