Agency Of Income
  • World News
  • Stocks
  • Business
  • Politics

Agency Of Income

  • World News
  • Stocks
  • Business
  • Politics
World News

Trump admin secures pledge from 75% of health insurers in bid to improve patient care

by admin June 23, 2025
June 23, 2025
Trump admin secures pledge from 75% of health insurers in bid to improve patient care

Roughly three-quarters of the nation’s health insurance providers signed a series of commitments this week in an effort to improve patient care by reducing bureaucratic hurdles caused by insurance companies’ prior-authorization requirements.

Director of the Centers for Medicare and Medicaid Services, Dr. Mehmet Oz, alongside Health and Human Services Secretary, Robert F. Kennedy Jr., announced the new voluntary pledge from a cadre of insurance providers, who cover roughly 75% of the population, during a press conference Monday. The new commitments are aimed at speeding up and reducing prior-authorization processes used by insurers, a process that has been long-maligned for unnecessarily delaying patient care and other bureaucratic hurdles negatively impacting patients.   

‘The pledge is not a mandate. It’s not a bill, a rule. This is not legislated. This is a opportunity for industry to show itself,’ Oz said Monday. ‘But by the fact that three-quarters of the patients in the country are already covered by participants in this pledge, it’s a good start and the response has been overwhelming.’

Prior-authorization is a process that requires providers to obtain approval from a patient’s insurance provider before that provider can offer certain treatments or services. Essentially, the process seeks to ensure patients are getting the right solution for a particular problem.

However, according to Oz, the process has led to doctors being forced to spend enormous amounts of man-power to satisfy prior-authorization requirements from insurers. He noted during Monday’s press conference that, on average, physicians have to spend 12 hours a week dealing with these requirements, which they see about 40 of per week. 

‘It frustrates doctors. It sometimes results in care that is significantly delayed. It erodes public trust in the healthcare system. It’s something we can’t tolerate,’ Oz insisted.

 

The pledge has been adopted by some of the nation’s largest insurance providers, including United Healthcare, Cigna, Humana, Blue Cross & Blue Shield, Aetna and many more. While the industry-led commitments aim to improve care for patients, it could potentially eat into their profits as well if patients start seeking care more often.

The commitments from insurers cemented this week include taking active steps to implement a common standardized process for electronic prior-authorization through the development of standardized submission requirements to support faster turnaround time. The goal is for the new framework to be operational by Jan. 1, 2027.

Another part of the pledge includes a commitment from individual insurance plans to implement certain reductions in its use of medical prior-authorization by Jan. 1, 2026. On that date, if patients switch insurance providers during the course of treatment, their new plan must honor their existing prior-authorization approvals for 90-days while the patient transitions.

Transparency is also a key part of the new commitments from insurance providers. Health plans enjoined with the commitments will pledge to provide clear and easy-to-understand explanations of prior-authorization determinations, including guidance for appeals. The commitment also states that by 2027, 80% of electronic prior-authorization approvals from companies will be answered in real-time.   

Oz, during the Monday press conference, compared the industry-led pledge to the Bible, saying, ‘The meek shall inherit the earth.’

‘I always grew up thinking ‘meek’ meant weak, but that’s not what meek means. ‘Meek’ means you have a sharp sword, a sword that could do real damage to people around you, but you decide, electively, to sheathe that sword and put it away for a while, so you can do goods, so you can do important things where once in a while we have to get together, even if we’re competitors, and agree,’ Oz said Monday.

‘That’s what these insurance companies and hospital systems have done,’ he continued. ‘They have agreed to sheathe their swords to be meek for a while, to come up with a better solution to a problem that plagues us all.’

This post appeared first on FOX NEWS

previous post
Lagging Mid-cap ETF Hits Moment of Truth
next post
Ex-Clinton official applauds Trump’s ‘courageous’ Iran call, doubts Harris would’ve had the nerve

Related Posts

European diplomats urge Iran to continue US nuclear...

June 20, 2025

Elon Musk posts ‘Kill Bill’ meme in latest...

June 4, 2025

‘Irrelevant’: Senators push back against Vought’s call for...

July 17, 2025

Karine Jean-Pierre abandons Dems after years fiercely defending...

June 15, 2025

Trump hails ‘monumental’ damage as experts await verdict...

June 23, 2025

FLASHBACK: Trump launched his first presidential campaign ten...

June 16, 2025

Musk jokes about reconsidering stance on Big Beautiful...

June 7, 2025

Rubio condemns Iran’s ‘unacceptable’ threats against IAEA director

June 28, 2025

GOP senator reveals the ‘dirty’ secret to Trump’s...

July 18, 2025

DOJ brass vowed full transparency on Epstein before...

July 13, 2025

    Get free access to all of the retirement secrets and income strategies from our experts!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Obama-era officials mum on allegations of ‘manufactured’ intelligence launching Trump-Russia probe

    • Hunter Biden special counsel got ‘one resume’ from DOJ to help prosecute president’s son

    • Iran will not give up nuclear enrichment, top official confirms in exclusive Fox News interview

    • AOC slams progressive critics for ‘lying’ about her Iron Dome stance in defense bill fight

    • ‘All the options’: GOP eyes cutting August recess to move dozens of Trump nominees stalled by Dems

    • What Musk’s fracture with Trump means for GOP’s future: ‘Beating heart of the Republican Party’

    Categories

    • Business (76)
    • Politics (20)
    • Stocks (106)
    • World News (238)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: AgencyOfIncome.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 agencyofincome.com | All Rights Reserved