“If you don’t take a chance, you don’t stand a chance”. That old adage is true for all innovators who want to succeed today. But how do you take a chance on a new product or service while still maintaining the ongoing stability of your personal or corporate well-being.
Each year, Medicare is required to report to Congress the computation of Annual Liability Insurance (Including Self-Insurance), No-Fault Insurance, and Workers’ Compensation Settlement Recovery Medicare Secondary Payer (MSP) Thresholds. The threshold amounts are set so that the average cost of collecting conditional payments is at least equal to the amount credited to the Medicare Trust Fund.
In 2018, the healthcare industry will evolve to reduce costs throughout the system. Workers Compensation and Liability Insurance professionals need to know the key healthcare trends to take advantage of cost savings in the systems.