Health Insurers Pledge to Reduce Red Tape for Care Approval

Health Insurers Pledge to Reduce Red Tape for Care Approval



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.


www.bloomberg.com
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