Question

how “Medicare for all”” affect hospitals’books? what the impact could be?

Answer 1

Medicare For All and its impact on hospital books:-

*Companies would not have to hire staff to deal with many different health insurance companies. Instead, billing procedures and coverage rules would be simple and cost effective.

*Hospitals would most likely receive less pay under this system, since Medicare pays lower rates for all forms of care than private insurers do.

*They would no longer have to worry about unpaid bills from patients who don’t TAKE insurance or insurers who refuse claims.

*Hospital needs to provide same facilities to all at same cost.

*They would also have to spend less time on paperwork, which would keep their administrative costs down.

* Lower payment rates could force some hospitals to close if they can no longer meet their expenses.

         As per statistics, Before Obamacare, 46% of emergency room patients were there because they had nowhere else to go. The emergency room became their primary care physician. This type of health care inequality is a major factor in the rising cost of medical care.