47 Million Uninsured...and Counting.
Ever wonder why?
November of 2005, LexisNexis launched advanced information and data access technology in association with the National Health Care Anti-Fraud Association (NHCAA), law enforcement and regulatory agencies.
Conceived as a public service for the healthcare industry, it was created in response to what the company calls a:
“$51 billion issue” and a “crime phenomenon”
The issue they're talking about is healthcare fraud, and it accounts for an estimated 3% of America's $1.7 trillion annual healthcare cost.
Guess who’s paying for it? That’s right. You are.
"Health care spending in the U.S. is five (5) times that of defense and three (3) times that of education," the article says. "Health care insurers, Medicare, Medicaid, and consumers bear the cost of fraud, which represents an ever-growing burden in the form of increased premiums, taxes, co-pays and deductibles."
Of this $51 billion issue, upwards of $10 billion of it is likely coming from overcharges on medical bills like yours.
Today's complex medical billing system allows fraud and abuse to go undetected. Studies have shown that as many as 9 out of 10 medical bills from hospitals and providers contain errors. Their errors are compounded by the fact that insurance companies are not reimbursing correctly--they just pay the incorrect bills unquestioningly, but deny legitimate charges.
And people wonder why healthcare costs are skyrocketing? We don't. MBAA can help consumers and businesses (small and large) do something about it.
With 53 medical billing advocates across the country, MBAA is fighting to keep healthcare costs down, for consumers, businesses and healthcare providers alike. And we’re training more advocates everyday. If you’re adventurous, enjoy investigative work, or are looking for a career that makes a difference in people’s lives, please click here to learn more about becoming an advocate.
MBAA has also developed a self-help workbook, The Medical Bill Workbook, to help individuals counter out-of-control medical costs. Click here to order this product.
Consumers join Hands with MBAA
We are now offering Consumer Membership to educate the public about medical bill overcharges and underpayments by insurance companies that are rampant in the healthcare industry. To learn about MBAA’s consumer membership, click MyMedicalBill.