How Hospital Forecasting Just Got Tougher
What does this mean? As Keckley notes: "Ten percent of employers dropped health insurance coverage in the last decade for no other reason than the cost, and another 10% are expected to drop it in the next 10 years. So regardless of what takes place with the Affordable Care Act, the healthcare system will be turned upside down."
Deloitte's recently released 2012 Survey of U.S. Employers, which polled employers with 50 or more workers about the healthcare system, found that most employers do not intend to drop health benefits coverage. However, 9% of companies representing 3% of the workforce anticipate dropping coverage in the next 1-3 years. Still another 10% of companies, representing 13% of the workforce, are unsure about their coverage. The report cites prohibitive cost as the driver that may lead employers to consider dropping healthcare coverage.
The state insurance exchanges pose another conundrum for finance leaders, who won't know how many of their employees may move on to these plans or what the payment rates will be. Insurance exchanges essentially will bring together private health insurance companies, along with a government health insurance option, which will compete for business among individuals and small businesses.
- As Medicare Advantage Cuts Loom, Disagreement Over Program's Stability
- Doctors Feel Pressure to Accept Risk-based Reimbursement
- Surgical Checklists Unused in 10% of Hospitals, CMS Data Shows
- Centralizing the Revenue Cycle Protects the Bottom Line
- CA Fines 8 Hospitals for Medical Errors
- A Fresh Look at End-of-Life Care
- 3 in 4 Patients Want E-mail Consultations
- Heart Attack Patient Costs Skyrocket Beyond 30 Days
- ACGME Chief Sees 'Huge' Risk of Error in Proposed Assistant Physician Licensure
- 3 Insider Tips on Cutting Costs without Strangling Growth