I didn’t think it was possible for me to get more disgusted with the industry I used to be a cheerleader for, but I was wrong. Health insurers—more specifically, the big for-profit health insurers that want to get even bigger through two pending mega-mergers (Anthem wants to buy Cigna and Aetna wants to buy Humana)—once again are demonstrating that nothing—absolutely …
Why America’s $2.9 Trillion Medical Industry Still Runs on Paper Payments by John Tozzi
Dealing with medical bills, like waiting for the cable guy or buying a used car, has become a cliché of consumer exasperation. Everything from electricity and phone bills to tax returns and parking tickets migrated to electronic payments years ago, but America’s $2.9 trillion health-care economy remains stubbornly stuck in the 1990s. The number of medical bills paid by paper check through the U.S. …