Assignment: Payers' Influence on the Healthcare Industry
Private insurance companies as well as the Centers for Medicare & Medicaid Services (CMS) have great influence over vital aspects of health insurance coverage in the United States. These third-party payers take on the responsibility to help improve a health insurance market undergoing a great deal of change right now.
In a three-page essay, answer the questions listed below.
• What are the new programs and initiatives that commercial insurance companies and the government are creating in order to help curb the rising cost of health care? Discuss these initiatives.
• How are these third-party payers impacting pricing in the health insurance industry?
• In your opinion, what are some strategies that could be utilized to help better control costs as well as reduce fraud and waste in the medical industry?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.