The process of medical insurance bill demands an interaction between the insurance company or payer and also the health care provider. There are definite ailments and treatments which are covered and certain ailments and treatments that aren’t covered. This interaction between them is called the Revenue Cycle Management or Bill Cycle. This requires handling bill, payment, and claims properly. The Medical Billing procedure is more complex that it should be because it calls for lots of compensations, reductions, insurance policy coverage, exceptions, disclaimers, denials, approvals, and so forth that a physician or hospital would rather not cope with. Most physicians would rather concentrate on treatment then let the biller handle the charge so as to decide which claims will likely be paid by the insurance company and which ones will fall on the lap of the individual.
On top of dealing with insurance companies, healthcare billers need to take Obamacare or the Affordable Care Act into thought also. The big difference to Obamacare and other Universal Healthcare systems in other states is the latter has people willing to pay higher taxes for this. Nonetheless, with Obamacare, instead of everyone paying for higher taxes, government anticipates the wealthy to shoulder most of the weight. Obamacare is contentious for this reason.
That’s to be expected of a nation that gained its independence following the Boston Tea Party came to be because they don’t want to be taxed excessively by the British. Going up against authority and wanting the rule of the people above all else is what America is all about. They elect officials in light in their ability to lower taxes in place of burden individuals with more taxes.
Meanwhile, the 1% will tend to really go elsewhere when burdened by taxes to pay for social programs like health care for all those who can not pay for it. Even without Obamacare in the image, doing medical billing between insurance companies and doctors is a complicated matter that needs a specialist to handle so that the doctor and also the insurer aren’t burdened about running after claims or coping with claim denials.