CAS: New Healthcare Laws May Impact Medical Liability Rates
From Property Casualty 360
The Patient Protection and Affordable Health Care Act (PPAC) may pose a catch-22 to medical professionals hoping to protect themselves against liability lawsuits, according to panelists at a recent Casualty Actuarial Society (CAS) seminar.
The law, which will provide 32 million Americans with access to healthcare in 2014, will pose new challenges to medical and insurance providers as newly insured patients flood a changing health-care delivery system.
“Health care coverage offers no guarantee that someone will have access to health care,” said Kevin Bingham, an Associate of the CAS and principal at Deloitte, at the seminar in which members discussed that more insured patients wouldn’t necessarily lead to less emergency-room visits.
While 78 percent of doctors in the late 1970’s had their own private practice or shared one with another doctor, Bingham argued, while that number has dropped to 30 percent in 2013 as reduced service reimbursement payments by health insurers make shuttering a practice to work for a hospital more appealing.
Read more in our daily News Update...
From Property Casualty 360
The Patient Protection and Affordable Health Care Act (PPAC) may pose a catch-22 to medical professionals hoping to protect themselves against liability lawsuits, according to panelists at a recent Casualty Actuarial Society (CAS) seminar.
The law, which will provide 32 million Americans with access to healthcare in 2014, will pose new challenges to medical and insurance providers as newly insured patients flood a changing health-care delivery system.
“Health care coverage offers no guarantee that someone will have access to health care,” said Kevin Bingham, an Associate of the CAS and principal at Deloitte, at the seminar in which members discussed that more insured patients wouldn’t necessarily lead to less emergency-room visits.
While 78 percent of doctors in the late 1970’s had their own private practice or shared one with another doctor, Bingham argued, while that number has dropped to 30 percent in 2013 as reduced service reimbursement payments by health insurers make shuttering a practice to work for a hospital more appealing.
Read more in our daily News Update...