8 hours ago
Health Insurers Pledge to Reduce Red Tape for Care Approval
A group of the nation's largest health insurers agreed to streamline preapprovals for medical care, addressing a controversial process that can result in delays or outright denials of patient treatment.
The insurers pledged to reduce the number of procedures that require so-called 'prior authorization,' standardize processes across different plans and ensure 80% of electronic approvals for medical claims are answered in real time. The voluntary changes, which would be implemented on varying timelines by 2027, are set to be formally announced on Monday.
