I agree with Jeff’s thoughts on this, but would add in some data on the percentage of collections from patient cost sharing, I’ve heard a range of 20-50%. I’m sure the auto insurance industry has far better collections for ‘patient’ deductible. This would also be an opportunity to highlight EMTALA requirements and erosion of the nation’s healthcare safety net.
I think capping rates on medical debt would be a good step in protecting patients; however, we would need to explore the downstream ramifications. If RCM’s sell bad debt which is now getting paid at lower rates, who absorbs that cost?