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If they are required to do business with one another how do they negotiate a price?
by clavalle 13y ago
If they are required to do business with one another how do they negotiate a price?
- tptacek 13y agoHow does it work in Maryland, where this is already the law?
- hyborg787 13y agoHeavy regulations & requirements on the insurers.
- toomuchtodo 13y agoYou set the price based on what is reasonable and customary. Like Medicare.
- greenyoda 13y agoThere are lots of doctors who don't accept Medicare patients because the reimbursement rates are too low.
- tedunangst 13y ago... which is why there's laws like the aforementioned Maryland law that requires them to accept all insurance.
- greenyoda 13y agoBut that kind of policy will eventually backfire, since doctors are free to move to whatever state they want once they finish their residencies. If Maryland forces them to accept insurance that doesn't reimburse them at a rate that they find acceptable, they'll go work in another state and Maryland will have a shortage of doctors. And doctors who are already practicing in Maryland will retire early or move into research, or some other job that doesn't involve seeing patients (like consulting for medical software companies).
- toomuchtodo 13y agoOkay. So we write the check to IBM to improve/license Watson for all of Medicare to use. If doctor's won't accept the payments available, automate what we can, and provide more training to nurses to enable them to fill in. Yes, I'm advocating for the replacement of doctors in the vast majority of cases. They're like college professors who spend most of their time doing research, while the TAs (Nurses in this case) do all the heavy lifting. Empower the nurses, replace the doctors.
- greenyoda 13y agoSorry, but Watson can't do surgery, nor can it instruct a nurse who has no training in surgery how to do surgery.
- toomuchtodo 13y agoYet. http://www.intuitivesurgical.com/ http://www.intuitivesurgical.com/
- McDermot 13y agoLots of companies that are required to do business with each other (eg. utilities and the rest of the private sector or large retailers and large consumer goods companies) are able to do it, why would a statutory requirement be any different?