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Axios Re:Cap

Surprise Medical Bills

Axios Re:Cap

Axios

Daily News, News

4.5705 Ratings

🗓️ 11 December 2019

⏱️ 10 minutes

🧾️ Download transcript

Summary

More than 50% of Americans have reported receiving surprise medical bills, when a provider charges more than an insurer will pay and bills the patient for the balance. Dan and Axios reporter Caitlin Owens dig into a new agreement Congress reached to put an end to these bills. Plus: The latest on China’s facial recognition regime and a new, better type of private equity.

Transcript

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0:00.0

Welcome to Axis ProRata, where we take just 10 minutes to get you smarter on the collision of tech, business, and politics.

0:13.3

I'm Deborah Mack. On today's show, the latest on China's facial recognition regime and a new, better type of private equity.

0:20.7

But first, surprise medical bills.

0:23.1

So you've probably heard something lately about these, these surprise medical bills, particularly

0:27.5

if you've watched some of the Democratic presidential debates. In short, they're generally

0:31.6

when patients go to a medical provider that's out of network and then get personally

0:36.0

charged for the difference between what the

0:38.0

provider charges and what the patient's health care insurance is willing to pay. This can even

0:43.0

happen if you go to an in-network facility like a hospital, but get treated by an out-of-network

0:47.8

doctor. Now, sometimes the bills can be just a few dollars, but they can also be thousands of

0:53.1

dollars, leading to some of the medical

0:54.8

bankruptcies we hear about. Not surprisingly, surprise medical bills are not terribly popular

0:59.6

among Americans, with surveys showing that around half of us have received one. So Congress

1:03.9

and the White House have been working on a solution for over a year, but it is very complicated.

1:09.4

After all, remember, the extra money does need to come from

1:12.7

somewhere. If it's not going to come from patients, then either health care insurers are going to

1:16.8

need to pay, or health care providers are going to need to pay, or maybe a combination of the two.

1:21.3

This past Sunday night may have seen a breakthrough, though, as some bipartisan top members

1:25.8

of Congressional Health Care committees announced an agreement. But within hours, the health care industry voiced its opposition,

1:31.9

and given what we know about Washington, D.C., that means getting this deal passed is anything

1:36.2

but a sure bet. In the meantime, surprise medical bills continue to be mixed in with the holiday

1:40.4

cards. In 15 seconds, we'll go deeper with Axios Healthcare reporter Caitlin Owens.

...

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