Health Financing/Insurance

ePayments to rescue billions says United Health

Washington healthcare reformers get an advice from UnitedHealth Group. In a report released on Tuesday by UnitedHealth, the health insurance giant claims the system could save US$332 billion over the next 10 years if health providers update their technology. PacifiCare Health Systems’ parent base -Minn., the Minnetonka estimated 50 % of the savings would go to hospitals and doctors, 20 % to the federal government’s Medicare and Medicaid programs, and 30 % to commercial payers. But UnitedHealth believes the government could institute policies to take a larger share to help pay for reform programs. Drawing on its expertise as one of the largest health technology companies in US to bring out estimates, UnitedHealth explained that the numbers only include administrative savings, and doesn’t venture into how much could be saved in reducing wasteful medical costs


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