American College of Surgeons Opposes the Lower Health Care Costs Act
The ACS continues to support efforts to prevent patients from receiving surprise medical bills and keeping patients out of the middle.
"Surgeons do not want their patients to bear the consequences of the narrowing of networks and other gaps in insurance coverage that lead to surprise medical bills. However, the solutions should not come on the backs of the physicians caring for the patients," said
Throughout this process, the ACS has expressed major concerns with federal rate setting as a default payment for out-of-network physicians that is benchmarked to the median in-network payment rate as included in this bill. There are various ways this idea is being applied, but no matter how it is being used, accepting an insurer-dictated, federally benchmarked rate to resolve the issue of surprise medical billing could have a profound long-term effect on all physician payment, for both in-network and out-of-network physicians.
The ACS is also troubled by the fact that the Lower Health Care Costs Act bypasses an independent dispute resolution (IDR) process to avoid the associated costs. The ACS believes that a viable solution to the issue of surprise billing must strike a careful balance, allowing physicians and insurers to negotiate a final payment through an IDR, while completely protecting patients from unanticipated medical bills. IDR brings both parties to the table equally. Avoiding IDR provides unfair power to the insurers. The use of IDR has proven effective in the states, particularly the
The ACS believes that
"The ACS is asking that members of
About the
The
View original content:http://www.prnewswire.com/news-releases/american-college-of-surgeons-opposes-the-lower-health-care-costs-act-300872386.html
SOURCE


Heffernan Insurance Brokers Hires Jeffrey Dickow as Vice President
HCP Prices $650 Million of 3.250% Senior Unsecured Notes due 2026 and $650 Million of 3.500% Senior Unsecured Notes due 2029
Advisor News
- Ask the right questions to turn clients into raving fans
- The first 5 years of your career could determine the next 50
- Your client’s $3 million portfolio doesn’t tell you their insurance needs
- How life insurance can provide liquidity for wealthy families
- Retirement providers turn to digital engagement to retain assets
More Advisor NewsAnnuity News
- What lower interest rates mean to annuity payouts
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
- Lawsuit claims Delaware Life hid billions in insurer-linked investments
- AM Best to Deliver Presentation at 2026 ACLI Annual Conference
- Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity NewsHealth/Employee Benefits News
Life Insurance News