Insurance Companies Influence Health Care

That s one worker for every two doctors.

Insurance companies influence health care. Similar to individuals and private households businesses rely upon insurance to cover them in the event of an incident which would otherwise cause significant financial loss to them if they had to repair or replace items. Health insurance companies employ over a half a million workers. Why is business insurance needed. It influences that nature of the actual healthcare being provided.

However the details of these decisions vary greatly based on what type of insurance you have if any and whether your doctor or a hospital takes it. Health insurance companies affect patient care indirectly by driving what tests medications and procedures doctors can use to diagnose and treat patients and even which patients doctors can care for. Nowadays insurance companies are increasingly becoming active at influencing the health and safety policies of the company to which they provide insurance. Insurance companies across the country offer low reimbursement rates for psychologists and psychiatrists leading growing numbers of therapists to refuse to take insurance because payers don t.

For most americans their annual share of this administrative cost exceeds the amount of actual health care they use in a typical year. The administrative cost of managing our system of health care payments alne is almost 1 000 per american household. Insurance company executives had no interest in entering the health care field.