Can drug company and health-care profits and executive pay be reduced to a reasonable level?
One provision of this bill is to require that at least 85 percent of insurance company revenues are spent on actually providing health care. This means that less of your money paid into the company can be used to line the pockets of executives. » Can the conflict of interest of doctors owning testing companies be limited? There are some provisions addressing the conflicts of interest that can sometimes arise from physician-owned facilities. » Can the paperwork and approval burden be reduced for doctors? Yes. Earlier this year in the Recovery Act we made major investments to encourage the adoption of health information technology that reduces costs and medical errors. We take many additional steps in our health-insurance reform legislation to streamline administrative burdens, such as encouraging the adoption of health information technology, like electronic medical records, but also standardizing forms that doctors use to submit reimbursements to insurance companies and Medicare, etc.
