MCO’s have contracts with doctors and hospitals on what they can and can’t do. MCO’s limit access to specialist that's not necessary, unnecessary procedures and reduce cost of prescription drugs. Physicians complain about the rising cost to run their medical practice. The rise in cost for running medical practice forces doctor’ s to organize into larger groups …show more content…
However, things aren’t going to change if the consumers are the one that are paying more for medical services on the payer side there are HMOs, POS, PPOS and IPA’s these groups have a small risk for members but try to find lower medical costs. These groups can keep costs down and how a lower risk of passing on the cost to other parties or limiting the risk by limiting the amount of services or prices paid and thereby lowering the cost. A patient or member may need to pay the MCO‘s directly for an 80/20 insurance plan.
This deductible is determined by the health care plan. The patient has to pay him 20% before services. Sometimes a patient has to pay all fees before claims can be paid. Most people now days have an 80/20 plan. These plans are all supervised by the MCO’s to check the medical care given to the patients. Also cost has reduced by giving members a list of doctors they need to use, where they need to go to test and medicines. Every plan has restrictions in order to be a member. Sometime these plans are good and sometimes they are not. If you have only a certain list of doctors or hospitals that you can go to, you may not like anyone on the …show more content…
If you can afford to pay extra and you need that lower cost when you have to have insurance, then you will have to go with the doctor and hospital on the list. My example is that I’m okay with the doctor , but chose the hospital if I need to see a specialist, I have to go farther from my home and with the cost of gas and time I may not want that. Patient’s beneficiaries are admitted to the hospital, they will have to pay an initial deductible of $792.00.
Then after 90 days the beneficiaries will pay $396 a day. For this plan when someone signs up they can choose from different plans. I think I would look at the plans first and then choose the cheapest if there is one (Physician Reimbursement under Medicare). To keep track of reimbursements that physicians will change is to monitor contract changes of the plans or doctor visits or hospital