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Wednesday, March 14, 2007Insurance Update: Blue Cross Reimbursement Rates Result in More LossesAccording to Wade Skardoutos, a CP from Mountain View California, Blue Cross has cut all DME reimbursements to 23% below Medicare. He states "I found it to be a significant loss to my company, and have chosen not to contract." Additional losses result from the fact that other insurance companies and Workers Comp use the Blue Cross fee schedule to reimburse. He questions whether this policy is price fixing. While generally price fixing is done by the sellers instead of the buyers, there certainly should be another name for this situation! His bottom line question is "can't we all just accept Medicare fee and stop these negotiations? Maybe then we could all sleep better and service people better." |
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