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Why the CFPB Medical Debt Credit Reporting Ban Could Hurt More Than It Helps

Healthcare IT Today

The ban has been opposed by ACA International, Healthcare Financial Management Association, Medical Group Management Association, and the American Hospital Association. A Big Change There’s no question that the healthcare industry is experiencing a medical debt crisis.

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Why the CFPB Medical Debt Credit Reporting Ban Could Hurt More Than It Helps

HIT Consultant

The ban has been opposed by ACA International, the Healthcare Financial Management Association (HFMA), the Medical Group Management Association (MGMA), and the American Hospital Association (AHA). A Big Change There’s no question that the healthcare industry is experiencing a medical debt crisis.

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Mary Lou Retton’s Explanation of Health Insurance Takes Some Somersaults

Kaiser Health News

The ACA also includes subsidies that offset all or part of the premium costs for the majority of low- to moderate-income people who seek to buy their own insurance. residents struggle to afford the deductibles, copayments, or out-of-network fees included in some ACA or job-based insurance plans. of household income. 16 in most states.

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Lawsuit Alleges Obamacare Plan-Switching Scheme Targeted Low-Income Consumers

Kaiser Health News

In turn, sales agents used the information to either enroll them in ACA plans or switch their existing policies without their consent. Such private sector platforms, which must be approved by the Centers for Medicare & Medicaid Services, streamline enrollment by integrating with the federal ACA marketplace, called healthcare.gov.

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What Is Medical Billing Compliance?

Compliancy Group

One of the most common ways for providers and healthcare organizations to run afoul is to incorrectly or illegally bill and code for services or supplies. No matter the intent, noncompliance in medical billing can have severe consequences. It pays to know the law and avoid temptations to cut corners.

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Reversing Healthcare’s Financial Crisis: A Look into Patient Access Solutions

HIT Consultant

When factoring in seven million elderly adults facing similar challenges, the total number of Americans struggling to pay medical bills reaches a staggering 79 million. hospitals lose millions annually due to unpaid medical bills. This puts America’s healthcare system into a detrimental, transient state.

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Doctors’ Offices Morph into Bill Collectors As Patients Face Growing Out-Of-Pocket Costs

Health Populi

This gets to the affordability adjective, that first “A” in the acronym, “ACA.” One-third of people was worried about what they would owe in the medical bill, and just over one-fourth of people were concerned about exposure to COVID-19.

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