Here are four things to know:
1. The increase is nearly three times more than the payer’s increases in the past two years.
2. Covered California’s price hike adds fuel to the fire over the Affordable Care Act’s negative impact on escalating premiums.
3. Anthem projects it will increase prices by 17.2 percent next year.
4. Major payer Blue Cross Blue Shield of California also expects a 19.9 percent price increase to offset loses.
More articles on coding & billing:
6 steps for ASCs to gain surgeon support in implant price negotiations
Million-dollar losses & thousands of uninsured: Will the remaining 7 co-ops persevere or fall prey to the turbulent payer marketplace?
Payer mega-mergers on the fritz: Justice Department could file blocking suit — 5 highlights
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.