Monday, February 18, 2008

A Rip-Off by Health Insurers? - New York Times

A Rip-Off by Health Insurers? - New York Times: "Have health insurers been systematically cheating patients and doctors of fair reimbursement for medical services? That is the disturbing possibility raised by an investigation of the industry’s arcane procedures for calculating “reasonable and customary” rates.
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'For all the histrionic folks who say socialized medicine is evil, I say, don't knock it until you've tried it.'

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The investigation, by the New York State attorney general, Andrew Cuomo, and his staff, suggests that these procedures — used by major insurance companies to determine what they will pay when patients visit a doctor who is not in the company’s network — may be rigged to shortchange the beneficiaries."

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