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2012 May

A new player: Affymax wins approval for a new anemia drug

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Feds: Standardizing electronic health payments could save $4.5 billion

1/6/2012

The Obama administration says a new rule it is issuing under the Affordable Care Act could result in a savings of as much as $4.5 billion over the next decade.

The proposed rule sets uniform standards for how health insurance companies are to pay electronic claims for health care services, and encourages the use of electronic, rather than paper, claims.

While the administration estimates the rules could cost insurance companies as much as $28 million to implement, it says those costs will be more than made up by savings estimated at as much as $40 million over 10 years.