24 Hrs
Source:
Los Angeles Times
Insurers Favor Arbitration Long-Term
The article discusses how health insurers have used an arbitration system under the No Surprises Act to dispute medical bills, with providers winning over 80% of cases, often resulting in higher payments. A recent court ruling found that insurers used artificially low, unnegotiated "ghost rates" to determine payment benchmarks, which favors insurers and distorts the market. Despite arbitration decisions being final and binding, many providers face delayed or unpaid awards, with limited recourse. The article suggests Congress should enforce arbitration awards in federal court to ensure timely payments for providers and protect patients.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)