{"id":6593,"date":"2016-08-18T11:24:11","date_gmt":"2016-08-18T11:24:11","guid":{"rendered":"http:\/\/www.medicalbillersandcoders.com\/blog\/?p=6593"},"modified":"2020-12-16T15:13:41","modified_gmt":"2020-12-16T09:43:41","slug":"keeping-pace-with-the-changing-landscape-of-health-insurance","status":"publish","type":"post","link":"https:\/\/www.medicalbillersandcoders.com\/blog\/keeping-pace-with-the-changing-landscape-of-health-insurance\/","title":{"rendered":"Keeping Pace With The Changing Landscape Of Health Insurance"},"content":{"rendered":"

Against the backdrop of evolving technology and ever-changing insurance requirements, 2016 evokes hope as well as apprehensions for healthcare providers. A lot has changed in the past few months. While healthcare costs maintained a languid pace in the beginning of the year, new provisions and mandates have bridged the gap between insurance providers and the uninsured. For instance, the provisions of The Affordable Care Act resulted in 20 million people gaining health insurance coverage since the time the law was enforced. Needless to say, small changes in health insurance are having a huge impact on the revenue cycle.<\/p>\n

A rising concern for most patients is the out-of-pocket expenses incurred. The ebbing insurance premium has undoubtedly brought health insurance within the reach of most consumers. There are employer plans to ease the medical bills and government plans such as Medicare<\/a>, Medicaid and Obamacare are playing a pivotal role in alleviating health costs. And yet, the rate of growth continues to be dismal. The $2.9 trillion healthcare industry that makes up for virtually 17.4 percent of the economy owes this slump to hefty deductibles and co-payments.<\/p>\n

A PwC study suggests that:<\/h2>\n