Major commercial health insurers and Medicare significantly lowered their error rates during the past year, but still incorrectly paid nearly 10 percent of claims, according to results of an annual survey from the American Medical Association.
The error rate in 2012 was 9.5 percent compared with 19.3 percent a year earlier. The association attributes the improvement to its efforts to work with insurers. The improved accuracy translates to $8 billion in savings from reduced administrative costs to reconcile errors, according to the AMA in its fifth annual National Health Insurer Report Card.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access