Double digit increases in store for 2018 ACA plans — 4 key notes

Americans who purchase insurance through the ACA are bracing for double-digit increases as payers solidify rate proposals for 2018, ABC News reports.

Advertisement

Here’s what you should know:

1. Some beneficiaries are comparing the cost of insurance to a mortgage payment. Although some ACA beneficiaries receive subsidies, not all beneficiaries qualify for the payments.

2. ABC speculates that the upcoming healthcare bipartisan hearings could provide some relief, but it would require a bipartisan effort.

3. Rates increased on average around 25 percent in 2017. Analysts expect a similar situation in 2018, but acknowledged President Donald Trump’s intent to eliminate the ACA in its entirety could upset the market further.

4. Sen. Lamar Alexander, R-Tenn., said to ABC. “The people who are really getting hammered — they are the ones we need to help. We’ve got a few weeks to come to consensus in this seven-year-old partisan stalemate and if we don’t break it, some people will be priced out and badly hurt.”

More articles on coding, billing and collections:
How to protect your reimbursement as payers narrow payable diagnosis codes
New technology? Research code accuracy before billing
Increased merger and acquisition activity in the ambulatory surgery center market … What does it all mean?

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

Advertisement

Next Up in ASC Coding, Billing & Collections

Advertisement

Comments are closed.