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Higher administrative costs for insurers, such as claim coding and submission (15% of excess spending) ... More: Seven reasons why Americans pay more for health care than any other nation.
Black women already have higher rates of death and complications in birth than do white women, yet 1 in 6 Black babies in 2022 were born in areas of limited or no access to maternity care.
Health care finance in the United States discusses how Americans obtain and pay for their healthcare, and why U.S. healthcare costs are the highest in the world based on various measures. It is possible to negotiate the price of the medical bills with the hospital billing department.
As high-deductible health plans rise across the country, with many individuals having deductibles of $2500 or more, their ability to pay for costly procedures diminishes, and hospitals end up covering the cost of patients care. Many health systems are putting in place price transparency initiatives and payments plans for their patients so that ...
Revenue for the medical patient-financing industry was $15.3 billion in 2023, according to a report by the research firm IBISWorld, which found that as health care becomes less affordable due to ...
Wage compression (also known as salary compression and pay compression) [1] refers to the empirical regularity that wages for low-skilled workers and wages for high-skilled workers tend toward one another. As a result, the prevailing wage for a low-skilled worker exceeds the market-clearing wage, resulting in unemployment for low-skilled ...
Healthcare rationing in the United States exists in various forms. Access to private health insurance is rationed on price and ability to pay. Those unable to afford a health insurance policy are unable to acquire a private plan except by employer-provided and other job-attached coverage, and insurance companies sometimes pre-screen applicants for pre-existing medical conditions.
When a Valley Children’s Healthcare nurse claimed in a lawsuit that the nonprofit’s compensation policy caused her and others to make less than minimum wage, Fresno city attorney Andrew Janz ...