Medicare Saves $124M Through Settlement Reporting Rules

Law360, New York (April 3, 2012, 7:19 PM EDT) -- Requirements that workers' compensation, automotive liability and other insurance plans notify Medicare contractors when they pay health care costs for Medicare beneficiaries have led to a $124 million increase in Medicare savings over the last three years, according to a report released Tuesday.

Medicare is usually the primary payer for health care services for beneficiaries. But in certain cases of accident or injury, other insurance plans, such as workers' compensation or auto liability insurance, are responsible for covering the beneficiary's health care costs.

Often, when one...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.