A cartoon in the May 5 edition of "The New Yorker" shows one doctor whispering to a colleague as they cross paths in a hospital corridor. "Psst....Quit taking insurance. Pass it on." With more and more medical providers refusing to deal with bean counters at HMOs, PPOs or standard health insurers, what are we going to do if the entire profession makes this standard operation procedure?
Of course, this wouldn't mean the end of health insurance, but it would be a radical wakeup call for tens of millions of people, who would have to pay doctors and other medical care providers out of their own pockets, and then fight with their insurers for reimbursement.
With "standard" fees so arbitrary these days, and often so far below what doctors want to charge, the financial load dumped onto claimants could bankrupt many.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
