Coronavirus Costs Not Being Waived In Health Care System
On March 13th, the Kaiser Family Foundation released a brief that delves into the costs surrounding COVID-19.
The findings highlight the steep expenses that may plague employer health plans and their enrollees.
Although many insurers are covering some testing and treatments, the costs associated with hospitalizations are not being waived, leaving a large group of employees and their dependents vulnerable to astronomical medical bills.
These costs could potentially surpass $20,000 per employee.
For many members of the general public, this may seem like an issue that we’re just now uncovering.
However, this comes as no surprise to those with a career in health care, like James Napoli, JD, CEO of Medliminal.
Mr. Napoli has his own thoughts on how the virus has impacted health care costs, stating, “Although the health care costs associated with COVID-19 are a new challenge that will impact many Americans, medical bill overcharges have been troubling our society long before COVID-19 came along.”
Medliminal is a medical cost containment company that deals with medical billing errors and overcharges on a daily basis. “Medical debt has become the number one cause of bankruptcy in America, and yet, over 90% of medical bills contain billing errors,” Mr. Napoli reveals.
With the machine learning capabilities of their proprietary technology, H-CAT, combined with their experienced nurses and coding team, Medliminal identifies billing errors for their clients, including large corporations, insurance companies, employers, as well as the individual consumer.
Find out more at medliminal.com.
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