The cost-lowering potential of direct-payment practices is heartening because the current third-party payment system has failed to stem our burgeoning health cost crisis.
FORBES: Fed Up With Obamacare, Doctors Increasingly Prefer Cash For Care
Now quite apart from the issue of profit, there is the problem of third-party payment.
FORBES: Eduard Porter Scribbles Non Sequiturs To Incorrectly Denigrate Profits
Others are considering a departure from the current system of third-party payment.
FORBES: Fed Up With Obamacare, Doctors Increasingly Prefer Cash For Care
Obamacare will only add to the cost-inflating administrative burden that third-party payment places on doctors.
FORBES: Fed Up With Obamacare, Doctors Increasingly Prefer Cash For Care
As with any third-party payment system, which gives the illusion of someone else paying, patients tend to demand far more medical services than they would if they believed they could spend any savings on something else.
Our system of third- and fourth-party payment for health care ensures that even people who actively try to discover the cost of their care have difficulty doing so.
Indeed, third-party payment is largely to blame for the untamed growth of health costs.
FORBES: Fed Up With Obamacare, Doctors Increasingly Prefer Cash For Care
Concerns over how best to report and reconcile items on the form 1099-K have plagued retailers and individuals alike since legislation was passed by Congress in 2008 requiring the issuance of forms 1099-K for third party merchant and credit card payment processing which meets certain criteria.
FORBES: IRS Continues to Weigh In on New Credit Card Reporting Requirements
We rely on a third-party payment system that dramatically reduces any incentive for the patient to be a value-conscious shopper in the health care marketplace.
FORBES: Why Health Care Spending Will Explode Under ObamaCare: Evidence From Medicare
People were duped into sending a partial or full payment to a third-party agent via a wire transfer payment service and to fax their payment receipt to the seller as proof of payment.
In its first public enforcement action, the CFPB found that third-party call-center vendors of Capital One Bank pressured or misled customers into paying for payment protection and credit monitoring products when they activated their credit cards, according to a press release.
FORBES: What's In Your Wallet? If It's a Capital One Card, You May Be Due a Refund
应用推荐