The Critical Imperative for Health Plans to Tackle Late Payment Interest
Health plans can reduce late payment interest by up to 25% year over year by focusing on three critical areas.
Health plans can reduce late payment interest by up to 25% year over year by focusing on three critical areas.
The latest report from the Medicare Board of Trustees shows that the health insurance trust fund, also known as Medicare Part A, will run out in a mere five years, which is in line with reports released in 2018, 2019 and 2020, indicating that the Covid-19 pandemic has not hastened the fund's depletion.
Though medical debt climbed high over the past decade, it appears that Medicaid expansion can help. States that expanded Medicaid saw average debt drop by 44% as opposed to a 10% reduction in non-expansion states.
Rob and Karen Hale have given $50 million to both Boston Children's Hospital and Brigham and Women's Hospital. Rob serves as CEO of Granite Telecommunications, but the couple has ties to both hospitals.