Below is an excerpt from Reuters. Click here to read the full story.
Reuters: Hospital sticker prices can rise faster than inflation
Nov. 11, 2019
By Lisa Rapaport
At a time when surprise medical bills from private equity-backed physician staffing firms are bankrupting patients, the New York Times recently highlighted how hospitals across the country are ramping up legal action against patients over medical debt. It’s one of the many reasons why Congress must take action against surprise medical bills and the outrageous charges billed by some providers that force patients, family members and caregivers to make painful financial decisions each month. Read excerpts from Sarah Kliff's article —With Medical Bills Skyrocketing, More Hospitals Are Suing for Payment—below.
- "From Delaware to Oregon, hospitals across the country are increasingly...
Washington, D.C. – As a growing number of stakeholders urge congressional leaders to immediately take action to end surprise medical billing, the Coalition Against Surprise Medical Billing welcomed 21 regional business groups to its expanding membership today. New members include:
- Central Penn Business Group on Health
- Dallas-Fort Worth Business Group on Health
- Economic Alliance for Michigan
- Employers’ Advanced Cooperative on Healthcare
- Florida Alliance for Healthcare Value
- Greater Philadelphia Business Coalition on Health
- HealthCare 21 Business Coalition
- Houston Business Coalition on Health
- Kansas Business Group on Health
- Memphis Business Group on Health
- Midwest Business Group on Health
- Nevada Business Group on Health
- North Carolina Business Group on Health
- Pittsburgh Business Group on Health
As Congress pushes forward on a solution to surprise medical bills, KHN's Rachel Bluth profiled New York's arbitration model and the significant cost increases facing patients under this flawed approach. Highlights from the article - To End Surprise Medical Bills, New York Tried Arbitration. Health Care Costs Went Up - are included below:
- "In 2015, New York passed a surprise billing law that uses "baseball-style" arbitration as a way to settle payment disputes between insurance companies and doctors. Under this approach, which is used in Major League Baseball to negotiate salaries (hence the name), each party submits a proposed...
Below is an excerpt from Harvard Business Review. Click here to read the full article.
Harvard Business Review: The Role of Private Equity in Driving Up Health Care Prices
Oct. 29, 2019
By Lovisa Gustafasson, Shanoor Seervai, and David Blumenthal
A new report from USC-Brookings Schaeffer Initiative for Health Policy found that New York patients are still exposed to significant charges from out-of-network providers under the state's arbitration model - underscoring the harmful cost consequences if arbitration was required nationwide.
Key highlights from the report are included below:
- "In April 2015, New York implemented one of the first state laws addressing surprise out-of-network billing at in-network facilities in both emergency and non-emergency situations (other than a few exemptions) ... If the insurer and out-of-network provider(s) are unable to agree on a payment amount, disputes are settled by...