Medical providers who see reductions in revenue from health insurers due to Obamacare's cost-containment measures may try to increase the volume and mix of services that can be billed to property and casualty carriers to compensate, a new report contends.
Whle Obamacare provisions do not directly target or affect P&C insurance, the Insurance Research Council, in a report titled, "The Affordable Care Act and Property-Casualty Insurance," says, "To the extent the cost-containment provisions of the ACA negatively affect medical-provider revenue, then efforts by providers to increase revenue from other sources, including property and casualty insurance, should be expected."
Most medical providers that treat injuries covered by P&C products, such as auto insurance and workers' compensation, "are likely to be affected by the cost-containment efforts of public and private health insurers," which could have a "long-term effect on property and casualty insurance claims experience and costs," according to the report.
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