Here’s what you need to know.
1. After Aetna, UnitedHealthcare and WellCare all left Kynect, the only plan that remains for residents throughout half the counties is Anthem.
2. According to data the Kentucky of Department of Insurance obtained, consumers should not see an impact by the companies entering and leaving the exchange.
3. Higher-than-expected costs were the reasons the insurers left the exchanges.
4. The federal government is modifying elements of the plan to help mitigate some of the risk onto higher-usage patients.
5. Baptist Health and CareSource are both expanding their footprint in the Kentucky exchanges, but it will not be enough to offset the lost providers.
Most news related to coding, billing and collections:
52% of coders assign codes based on documentation, regardless of physician query: 5 things to know
ACA enrollment hits 11.1M Americans, falls 12.9M short of CBO predictions: 5 things to know
What will the payer marketplace look like in 2017? 5 statistics
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.