The article highlighted the following:
Medicare:
- Out-of-Pocket Increased 64% from 1997-2005
- One-quarter of people on Medicare spend 31% of their income on health care
- Analysis says Aging will be responsible for 37% increased spending by 2035
- 46% of projected spending was attributed to "excess cost growth"
Hospital Care:
- Americans spent $2.6 trillion on health care in 2010
- Hospital care accounted for $814 billion (not including physician fees)
- Medicare and other fees accounted for
Solution:
- Control costs
- HCAHPS - Hospital Consumer Assessment of Healthcare Providers and Systems
For additional billing and coding resources, please click this link: Medical Reimbursement Billing and Coding Resources
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