Massachusetts lawmakers are struggling to rein in on rising health care costs, but a solution may be on its way as the state reaches the conclusion of a three-year long study. The study concerns the state of Massachusetts’ health care system and how insurance companies, hospitals and doctors interact with one another. The state is not the first to consider sweeping changes to its health care system, but it may be the first in enacting such changes. Legislators are currently working toward a plan they call “global payments.” The basic…
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Researchers find that U.S. insurers pay more for medical care than their counterparts in Canada
Health insurance rates are rising throughout the nation. Insurers are quick to justify these rate increases with the soaring costs of medical care and administration. While the nations insurance regulators are leery of these justifications, researchers at both Cornell University and the University of Toronto say that insurers claims may be accurate. According to a report released from the universities, health insurance administrative costs are almost four times higher in the U.S. than they are in Canada. The report finds that Doctors in the U.S. spend excessive amounts of money…
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