Over the years, healthcare spending has taken up a large portion of the U.S. economy's gross domestic product. Additionally, the U.S.'s proportion of GDP spent on healthcare continues to rise faster than any other developed nation. Yet there is a silver lining: Healthcare spending is slowing down.
Medical malprac tice premiums in several specialties have declined slightly or stayed flat over the past year, according to Medical Liability Monitor 's annual rate su rvey. Overall, 65 percent of liability insurance rates remained steady nationwide, with obstetrician/gynecologists, internists and general surgeons experiencing decreases for the seventh straight year, reported Medscape Medical News.
Medical practice insiders often compare a group merger to a marriage--meaning it takes compatibility, trust, communication and work to succeed. Two practices in the Louisville, Kentucky area are pretty sure they have what it takes, but will take the unusual step of actually "living together" before making their union official, according to an artic le from Louisville Business First.
Medicaid expansion under the Affordable Care Act has been an overall success for insurers in most states that have implemented it; however, the story is different in Kansas, which switched its entire Medicaid program to a private model.
Wal-Mart Stores, Inc., the nation's largest private employer, announced yesterday that it will stop offering health insurance coverage in January to about 30,000 part-time employees who work fewer than 30 hours a week, the New York Times reported.
A new study by the Analysis Group examined the relationship between insurers' adoption of provider payment models to curb costs and approval of coverage for new items and services made possible by advances in medical technology.
The future of the health insurance industry is, in many ways, a mystery. Insurers won't cease to exist, but they'll likely be providing health insurance in a different way than they do now, wri tes Wendell Potter, a senior analyst at The Center for Public Integrity.
Reference pricing has been touted as a way to create provider competition in healthcare, but a recent Federal Trade Commission article argued this isn't the case.
A desire for greater financial security is one of the top reasons physicians may leave private practice for hospital or large group practice employment. But a steady paycheck doesn't necessarily guarantee employed phys icians are comfortable with their long-term financial picture, according to a new r eport from AMA Insurance.
I've written about this issue before, but it bears repeating: The health insurance industry must do something about its payment system. Let me paint you a picture that's indicative of the...