Happy 8th birthday to the Health Business Blog!

The Health Business Blog turns eight years old today. Continuing a tradition I established with birthdays one, two, three, four, five, six, and seven I have picked out a favorite post from each month. Thanks for continuing to read the blog! March 2012: Should medical debt count against your credit rating? As far as I’m concerned, a lot of medical debt isn’t real debt. Real debt is borrowing money from a bank to buy a car or using a credit card to finance a vacation or taking out a student loan to pay for college. Borrowers know ahead of time that they are incurring a financial obligation for a known amount of money for specific goods or services. Hospitalized patients receive bills that are often indecipherable, incorrect, and owed by an insurance company. Even when technically correct the amounts can be non-sensical and vary widely from provider to provider. So it’s seems wrong to me that even medical bills that are paid off –sometimes just to end the nuisance– can have a long-term, negative effect on one’s credit rating. April 2012: I don’t really want my $127 medical loss ratio rebate Under the Affordable Care Act, health plans have to issue rebates to policyholders if they don’t spend at least 80 or 85 percent of premiums on medical costs. Now that the law is in effect, about $1.3 billion is to be paid out.  I support the ACA but I don’t like the notion that any dollar spent on medical claims is good and anything spent on administration ...
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