Blue Cross Blue Shield of Illinois is taking a stand against the recent uptick in hospital affiliations. The market-dominating insurer recently announced that it won't negotiate reimbursement rates with affiliated health systems, Crain's Chicago Business reported.
As the trend toward hospital mergers a nd acquisitions continues, America's Health Insurance Plans is pushing back against consolidation, saying it jeopardizes insurers' attempts to move toward a value-based reimbursement system
I'm a fan of the mom-and-pop store. Even if it means paying a little more for the same product available at a big-box retailer, I would prefer shopping at a small, local store. That's because I tend to receive better customer service at the smaller shops where they personally value my business. And I would allege the same to be true in the healthcare industry.
Although insurers and industry organizations often assert that provider consolidation leads to higher prices, some experts believe the impact is relatively neutral, reported Insurance News Net.
As providers continue to team up, insurers claim the growing rate of provider consolidation leads to high healthcare costs. Many states want to lessen the impact of provider consolidation by implementing laws and regulations that encourage price disclosure and ensure limits on healthcare prices, according to a new paper from the National Academy of Social Insurance and Catalyst for Payment Reform.
As doctors and hospitals continue to consolidate, insurers are seeing prices soar. To counteract the effects of provider consolidation, a new analysis from the Commonwealth Fund offers several steps insurers can take to reduce rising costs.
A new study from America's Health Insurance Plans finds that hospital prices have been growing amid increased provider consolidation.
Provider consolidation as a result of accountable care organizations and high out-of-network provider fees are causing healthcare costs to continue to rise at exorbitant levels.
In a letter sent to WellPoint President and CEO Angela Braly on Tuesday, American Hospital Association President and CEO Rich Umbdenstock took issue with Braly's statement that provider consolidation