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“And for employers specifically, it has resulted in them having less money available for employee raises, hiring staff, offering robust health benefits, growing their businesses, and contributing to their communities,” said Gloria Sachdev, the group’s president and CEO.
It is more than likely that none of the above would occur, it would all go to CEO compensation/bonus plans. The last thing insurance companies care about is lowering costs for the insured.
Not true. More likely it would result in lower insurance costs for both the employer and employee.
“Indiana University Health, the state’s largest health system, which ranked the 28th most expensive in the nation, charging private health plans 327% compared to Medicare”
Know from experience; we were charged twice for emergency room services (total of $3,251.95) when IU North sent us to IU Methodist because IU North did not have an ophthalmologist available there.
Same echo/EKG from pediatric cardiology was 35% higher at IU than St. Vincent.
IU Health continues to post record profits and cash on hand despite a “pandemic” and decreased elective surgery.
Don’t let hospitals fool you, they are printing money.