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If private health insurers reimbursed using Medicare rates, health spending for people with private insurance would plummet by an estimated $352 billion in 2021, a 41% drop from the estimated $859 billion that insurers are expected to pay this year, Kaiser Family Foundation reports citing its own analysis. The resulting savings would be spread among employers ($194 billion) and employees ($116 billion), and the non-group market ($42 billion), assuming proportional savings throughout the private insurance market.
1. Hackers leak stolen data from Change Healthcare on dark web
2. Hacking group Ransomhub claims to have stolen UnitedHealth data
3. UnitedHealth estimates $1.6 billion loss from Change cyberattack
4. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
5. Teladoc Health CEO Jason Gorevic steps down amid stock plunge
6. Biden administration limits Medicare Advantage broker compensation