A trip to the emergency room is expensive, even for more routine procedures. Take for example, Ron Smith, an Indianola resident whose $24,240 bill for a rabies vaccination was negotiated down by $17,627 by his insurance company.
Today, the third installment in our examination of hospital costs. We find out how insurance negotiations play into how much you pay for that ER visit, how Iowa’s insurance landscape may change through the Affordable Care Act, and how the number of visits to the ER may be affected by Obamacare.
On a strict party-line vote, a committee in the Iowa Senate today addressed what they say may be excessive reserves at the state’s leading health insurance company. The bill would give the state insurance commissioner authority to order Wellmark to give profits back to consumers depending on the results of an audit of the company’s bottom line. An earlier audit showed the company’s reserves might be too low.