Here are six insights:
1. UnitedHealth’s latest move raises questions about the ACA’ sustainability.
2. The Obama administration claimed UnitedHealth is a relatively minor player in the marketplaces as it only accounts for 6 percent of all enrollees. Officials also argue the payer did not competitively price their coverage.
3. Blue Cross Blue Shield has indicated it may pull back on some of its ACA plans.
4. A Kaiser Family Foundation study found if UnitedHealth exited all 34 states participating in ACA exchanges, consumers would have fewer choices.
5. The study found the percentage of U.S. counties with merely one payer or two payers to choose from would increase from 36 percent to 53 percent due to UnitedHealth’s exit.
6. However, the study found UnitedHealth’s exit would not significantly impact premiums as the payer does not offer one of the cheaper plans.
More articles on coding & billing:
Six steps to reduce taxes on investments
Colorado bill study could even out healthcare costs across the state — 5 takeaways
6 tips for medical practices to enhance billing and collections process
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.
