“Even Doctors Admit Something Must Be Done About Health Care” - The Oakland Press: Opinions
Brief:
The cost of health care is rising out of control causing insurance premiums to increase accordingly. A big part of it is Administrative Waste. According to a Harvard study medical billing costs about $400 billion per year.
Here are some of the Billing Abuses:
- A specialist that charges $250 to stop by your hospital room to see how you are feeling. Their medical biller sends that claim to your insurance company.
- Routine duplication of medical procedures. There is no central electronic patient treatment record.
- Documentation requirements for reporting claims to the insurance company.
You can read the full article here.