In a landmark development, Blue Cross Blue Shield (BCBS) has reached a $2.8 billion settlement to resolve antitrust claims brought by health care providers, including chiropractors. The lawsuit accused BCBS of dividing the nation into exclusive regions and limiting competition, which resulted in lower reimbursements for providers. Although BCBS denies any wrongdoing, the company agreed to the settlement to avoid lengthy litigation – and you can get a piece of the pie.
I.Q. -- Interesting Quotes
Chiropractic Clout
As hospitals, insurance carriers, managed care organizations, other health care providers, and even venture capitalists are scrutinizing the chiropractic profession, they eventually discover our extensive patient database. While they may never become proponents of chiropractic care, they may be starting to see the chiropractic profession as the key to a new source of potential patients.
A statement made in a recent issue of The Back Letter1 acknowledges this reality:
"With an estimated patient base of 10-20 million Americans, chiropractors wield considerable economic power."Cost-effectiveness and efficacy are more important than ever, and as health care reform continues, economic issues will more than likely continue to override philosophical biases and barriers.
1. U.S. hospitals granting clinical privileges to chiropractors in record numbers, The Back Letter, 1995 (5):51.