Claims tagged with "Finance"

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Cutler said government-run Medicare is a much more efficient operation. 0.900

👤 Cutler 📋 News Article 🏷️ Health , Finance

Simplified: Medicare is a more efficient operation Cutler said.

1 sources

1 month ago
That results in extra administrative tasks, when doctors attempt to get authorization from an insurer on behalf of a patient. 0.900

👤 The author 📋 News Article 🏷️ Health , Finance

Simplified: Lack of communication results in extra administrative tasks for doctors getting authorization.

1 sources

1 month ago
These mandates trigger a flurry of communication and tasks for both health insurers and doctors, Cutler said. 0.900

👤 Cutler 📋 News Article 🏷️ Health , Finance

Simplified: Mandates trigger communication and tasks for health insurers and doctors Cutler said.

1 sources

1 month ago
Or they mandate "step therapy," which makes patients try comparable lower-cost prescription drugs before coverage for a doctor-recommended drug kicks in. 0.900

👤 The author 📋 News Article 🏷️ Health , Finance

Simplified: Health insurers mandate step therapy patients try lower-cost drugs before coverage for doctor-recommended drugs.

1 sources

1 month ago
Health insurers often require doctors and hospitals to get authorization before performing procedures or operations. 0.900

👤 The author 📋 News Article 🏷️ Health , Finance

Simplified: Health insurers often require authorization before procedures or operations.

1 sources

1 month ago
Although Medicare's official health care spending report doesn't calculate how much the nation spends on administrative tasks, Harvard's Cutler estimates that up to 25% of medical spending is due to a... 0.800

👤 Cutler 📋 News Article 🏷️ Health , Finance , Statistical

Simplified: Cutler estimates up to 25% of medical spending is due to administrative costs.

1 sources

1 month ago
One of the biggest sources of wasted medical spending is on administrative costs, several experts told USA TODAY. 0.900

👤 The author 📋 News Article 🏷️ Health , Finance

Simplified: Administrative costs are a big source of wasted medical spending experts told USA TODAY.

1 sources

1 month ago
If such an overhaul resulted in more lucrative payment for primary care doctors who emphasize preventive care, it could help make people healthier and reduce costly spending on specialists, Ho said. 0.800

👤 Ho 📋 News Article 🏷️ Health , Finance

Simplified: More lucrative payment for primary care could make people healthier and reduce spending on specialists Ho said.

1 sources

1 month ago
Medicare payment rates not only determine how much taxpayers shell out for older Americans' health care, they set the base for health care prices. 0.900

👤 The author 📋 News Article 🏷️ Health , Finance , Policy

Simplified: Medicare payment rates set the base for health care prices.

1 sources

1 month ago
Private insurers typically use Medicare rates to decide how much they pay doctors and hospitals. 0.900

👤 The author 📋 News Article 🏷️ Health , Finance

Simplified: Private insurers typically use Medicare rates to decide payments to doctors and hospitals.

1 sources

1 month ago
Some have compared the idea of doctors setting their own payscale to the proverbial fox guarding the henhouse. 0.700

👤 The author 📋 News Article 🏷️ Health , Finance

Simplified: Some compare doctors setting their own payscale to the fox guarding the henhouse.

1 sources

1 month ago
Under the current system, doctors are chosen or approved by the American Medical Association to a 32-member committee which recommends values for medical services that Medicare then considers when dec... 0.900

👤 The author 📋 News Article 🏷️ Health , Finance

Simplified: Doctors are chosen by the American Medical Association to a 32-member committee that recommends values for medical services Medicare considers.

1 sources

1 month ago
Doctors who provide specialty care such as cardiologists or cancer doctors get much higher payments from Medicare and private insurers than primary care doctors. 0.900

👤 The author 📋 News Article 🏷️ Health , Finance

Simplified: Specialty care doctors get higher payments from Medicare and insurers than primary care doctors.

1 sources

1 month ago
That same year, Medicare filings show hospitals paid out $15.2 billion in charity care. 0.900

👤 Medicare 📋 News Article 🏷️ Health , Finance

Simplified: Hospitals paid out $15.2 billion in charity care in 2021. Medicare filings show this.

1 sources

1 month ago
Prescription drugs accounted for 9% and health insurance − both private health insurance and government programs such as Medicare and Medicaid − collect 7% in administrative costs. 0.900

👤 Centers for Medicare & Medicaid Services 📋 News Article 🏷️ Health , Finance

Simplified: Prescription drugs accounted for 9% of US health spending. Health insurance collects 7% in administrative costs.

1 sources

1 month ago
Johns Hopkins University and Texas Christian University researchers estimated the nation's nearly 3,000 nonprofit hospitals were spared $37.4 billion in federal, state and local taxes in 2021. 0.900

👤 Johns Hopkins University and Texas Christian University researchers 📋 News Article 🏷️ Health , Finance

Simplified: Nonprofit hospitals were spared $37.4 billion in taxes in 2021. Johns Hopkins University and Texas Christian University researchers estimated this.

1 sources

1 month ago
Doctors rank second at 20%. 0.900

👤 Centers for Medicare & Medicaid Services 📋 News Article 🏷️ Health , Finance

Simplified: Doctors rank second in US health spending at 20%.

1 sources

1 month ago
Of the $4.5 trillion spent on U.S. health care in 2022, hospitals collected 30% of that total health spending, according to data from the Centers for Medicare & Medicaid Services. 0.900

👤 Centers for Medicare & Medicaid Services 📋 News Article 🏷️ Health , Finance

Simplified: Hospitals collected 30% of $4.5 trillion US health spending in 2022. Centers for Medicare & Medicaid Services reported this.

1 sources

1 month ago
Health insurance companies took in $25 billion in profit last year, while hospitals collected an eye-popping $90 billion, Rice University economist Vivian Ho said. 0.900

👤 Vivian Ho 📋 News Article 🏷️ Health , Finance

Simplified: Health insurance companies profited $25 billion last year. Hospitals collected $90 billion. Vivian Ho said this.

1 sources

1 month ago
And medical bills accounted for more than half of all debt on consumers credit records in 2022, according to the Consumer Financial Protection Bureau. 0.900

👤 Consumer Financial Protection Bureau 📋 News Article 🏷️ Health , Finance

Simplified: Medical bills accounted for over half of consumer debt in 2022. Consumer Financial Protection Bureau reported this.

1 sources

1 month ago