Assignment of Benefits Is A Double Edged Sword

This is interesting. The Phia Group is a law firm that works with Plan Sponsors in a number of ways. You may be a client of theirs but dont know it. The following deals with balance billing issues and how Phia defends the Plan Sponsor and how providers and their attorneys are using the Assignment of Benefits to their advantage (or at least they think they are).

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Patients Livid At Hospitals For Rewarding Cash Paying Patients With Steep Discounts

Everyone knows that cash makes a huge difference in health care costs. Without blinking an eye, one can get a medical provider salivating at the thought of cash – it’s worth at least a 50% “discount” off inflated health care pricing. Members of the 50% Club can attest to that – http://blog.riskmanagers.us/?p=7253

Employers who sponsor group health plans should consider sponsoring a Cash Health Plan instead. Not only will they save on PPO access fees and other fees such as large case management, medical review, disease management, etc, they will pay much less in actual claim costs. We suspect such a scheme would reduce a group’s health plan costs by 60% or more, without reducing benefits.

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