Insurers’ red tape costs MDs
3 weeks of work, add $31 billion
With the single-payer or "Medicare for all" health care proposals being largely ignored, Congress and President Obama are thereby bypassing the chance to trim $31 billion in needless costs and provide US doctors an additional three weeks a year to spend on patient care.
An important new study, published May 14 on the Health Affairs Web site by Lawrence P. Casalino of Weill Cornell Medical College and his colleagues, shows that US physician practices report that overall the costs of interacting with insurance plans is $31 billion annually. This amounts to 6.9 percent of all
Another study, published on the same day (May 14) on the Health Affairs site, offers a detailed examination of billing and insurance-related activities performed at a large multisite, multispecialty group practice in