I wondered why I would get a newsletter entitled “Pulse” in the mail from my Collection Agency. Then I read the first article. Here’s the gist: Since the Affordable Care Act went into effect in October, 2013 things have changed. Less people are uninsured. More people are insured. And many of those who are “newly insured”, as well as many of the rest of us, have high deductible health plans (HDHP), which translates into much higher costs out-of-pocket for patients. “… the expanding insured self-pay patient volume and A/R highlights the need for providers to focus on this area of growing financial risk.” (Then I knew why they sent me the newsletter.)
“The replacement of traditional health plans with HDHPs is creating more patients who are not only newly insured, but who bear significant financial responsibility via copays and high deductibles,”… “This has created more financial risk from the insured self-pay population.” More information: http://bit.ly/1Mhoxe6 and http://1.usa.gov/1W333nb.
All of this will be old news to those who have followed this Blog much over the years.
Another article in the newsletter had the title “Quality of Care”. It wasn’t about that, but here is a noteworthy quote: “All of the recent trends and changes in healthcare are leading some providers to consider an earlier retirement, according to the report.” Not having a lot of fun I guess.