Post by pavel on Apr 18, 2016 2:55:25 GMT -6
How Blue Cross, HCA hospitals dispute could leave Texans in world of hurt
Millions of Texans could soon lose in-network coverage at dozens of hospitals and outpatient centers. That could double their out-of-pocket costs — or worse.
Blue Cross Blue Shield of Texas, the state’s largest insurer, is fighting over payment increases sought by Hospital Corp. of America, one of the nation’s largest hospital chains.
Blue Cross has reason to push back hard. Since the Affordable Care Act kicked in fully in 2014, the Texas Blue has lost $720 million on its exchange business. HealthCare.gov customers turned out to be sicker than expected, and its parent company, which includes Blues in five states, lost over $2 billion in the market niche.
Over the same two years, HCA Holdings earned $4 billion and revenue grew 16 percent.
Read more: www.dallasnews.com/business/columnists/mitchell-schnurman/20160415-how-blue-cross-hca-hospitals-dispute-could-leave-texans-in-world-of-hurt.ece
Millions of Texans could soon lose in-network coverage at dozens of hospitals and outpatient centers. That could double their out-of-pocket costs — or worse.
Blue Cross Blue Shield of Texas, the state’s largest insurer, is fighting over payment increases sought by Hospital Corp. of America, one of the nation’s largest hospital chains.
Blue Cross has reason to push back hard. Since the Affordable Care Act kicked in fully in 2014, the Texas Blue has lost $720 million on its exchange business. HealthCare.gov customers turned out to be sicker than expected, and its parent company, which includes Blues in five states, lost over $2 billion in the market niche.
Over the same two years, HCA Holdings earned $4 billion and revenue grew 16 percent.
Read more: www.dallasnews.com/business/columnists/mitchell-schnurman/20160415-how-blue-cross-hca-hospitals-dispute-could-leave-texans-in-world-of-hurt.ece