WASHINGTON – Reducing reimbursements to retail rates or establishing competitive bidding pricing could have saved New Jersey’s Medicaid program between $1.8 million and $2.7 million in 2011, the OIG reported in a Sept. 11 report.
Why is health insurance so costly? I think part of it may that insurers require a lot of money to develop convoluted and arcane mathematical algorithms to try and squeeze every dollar out their subscribers.
Did I really say, in my last blog, that expected payment amounts for Round 2 for diabetes test strips would about $15? Boy, was I (and, apparently, pretty much everyone else) wrong. The strips came in at $10.41.