Medpundit

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Saturday, November 02, 2002

Shakedown: Members of of the Washington, D.C. area's largest health insurance company won't be able to use the Children's Hospital without paying a steeper price. The hospital balked at the company's efforts to squeeze them further:

"CareFirst started off the negotiation asking for a 12 percent decrease in rates," said Jody M. Burdell, a Children's vice president. "We asked for a 20 percent increase. CareFirst really needs to pay rates that are comparable to other managed care companies' rates."

The insurance company denies this account, but there's no reason to suspect the hospital of lying and every reason to expect the insurance company to try to save face in an effort to avoid losing subscribers. Carefirst made $92.4 million last year.

COUNTERPOINT: Jane Galt has a different take on this.

posted by Sydney on 11/02/2002 07:26:00 AM 0 comments

Saturday, November 02, 2002

0 Comments: