coventry

One in five medical claims is processed inaccurately by health insurers, the American Medical Association said on Monday. Eliminating these errors could save the health care system save $15.5 billion of the $210 billion it spends annually on claims processing.

Starting in 2011, medical insurance companies will have to meet new rules on profitability. They will need to spend at least 85% of dollars collected in premiums for the large group market on medical care and at least 80% of premiums collected in the individual and small business group market on...