Alternative Headline: Insurers Pledge PA Reforms
[MM Curator Summary]: U.S. insurers commit to streamlining prior authorizations for 257 million Americans across key insurance markets.
==============================
UnitedHealthcare is among the health insurers that would be affected by reducing prior authorizations.
Major U.S. insurers said they would streamline the prior authorization process.
Health insurance trade association AHIP said the changes would be implemented across insurance markets, including commercial coverage, Medicaid managed care, and Medicare Advantage plans, and benefit 257 million Americans.
"The health care system remains fragmented and burdened by outdated manual processes, resulting in frustration for patients and providers alike," AHIP CEO Mike Tuffin said. "Health plans are making voluntary commitments to deliver a more seamless patient experience and enable providers to focus on patient care, while also helping to modernize the system."
The changes would affect patients covered by insurance providers that include CVS Health (CVS), UnitedHealth Group’s (UNH) UnitedHealthcare, Cigna (CI), and Humana (HUM). The move comes after the murder of UnitedHealthcare CEO Brian Thompson last December brought attention to the prior authorization process.
Income investing isn’t complicated. Start with $10.
Income doesn’t have to be complicated. The Fundrise Income Fund offers adiversified portfolio of cash-flowing assets designed to deliver consistent quarterly returns. Start earning passive income today with as little as $10 at Fundrise.com/Income. Before investing, consider the Fund’s objectives, risks, charges, and expenses. Prospectus available at Fundrise.com/Income.
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy.
https://www.investopedia.com/major-health-insurers-agree-to-simplify-prior-authorizations-11759114
COLOR CODE:
General item, but important. Gets at main point of article= YELLOW
Has a dollar amount or number = GREEN
A specific topic that seems to be different than other topics = BLUE
