Now here's a brilliant idea!
We all know that the more members of an insurance group you have, the cheaper your costs per person are. Twenty major companies—including American Express Co., Macy’s Inc. and Verizon Communications Inc.—are banding together to use their collective data and market power in a bid to hold down the cost of providing workers with health-care benefits.
This would give employers and employees more choices in their healthcare, access to bigger physician and hospital networks, have the options for lower copays and deductibles, and provide healthcare for those that might not otherwise be able to afford it.
Why didn't we think of this sooner? Part of me wants to think that the insurance company "rules" wouldn't allow this. But in the effort to provide all Americans with healthcare, the rules are changing. I see this as nothing but a win-win for everyone involved.
Bravo to the one who thought this up!
Until next time:
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Author, Medical Billing, Coding, and Reimbursement
A medical billing professional for over 30 years now, I have seen a lot of changes in this field, and there are a lot more on the horizon. Follow me as we see what they mean and for who.