The Patient Protection and Affordable Care Act (PPACA) contains many beneficial provisions but that will not help solve the problem of rapidly rising costs any time soon. “In the short term, health care costs are going up as a result of some of the increase in benefits that are being provided, which is great for people. But the absolute fact is it will cost more,” said Aetna Chairman and CEO Ronald Williams in an interview with Market Watch. He also talked about the need for greater use of health information technologies and modifying current payment systems. Aetna is the third largest health care insurer in the nation.
Patient Protection and Affordable Care Act (PPACA) Will Not Save Costs
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About the Author: Michael Arrigo
Michael is Managing Partner & CEO of No World Borders, a leading health care management and IT consulting firm. He leads a team that provides Cybersecurity best practices for healthcare clients, ICD-10 Consulting, Meaningful Use of Electronic Health Records. He advises legal teams as an expert witness in HIPAA Privacy and Security, medical coding and billing and usual and customary cost of care, the Affordable Care Act and benefits enrollment, white collar crime, False Claims Act, Anti-Kickback, Stark Law, Insurance Fraud, payor-provider disputes, and consults to venture capital and private equity firms on mHealth, Cloud Computing in Healthcare, and Software as a Service. He advises self-insured employers on cost of care and regulations. Arrigo was recently retained by the U.S. Department of Justice (DOJ) regarding a significant false claims act investigation. He has provided opinions on over $1 billion in health care claims and due diligence on over $4 billion in healthcare mergers and acquisitions. Education: UC Irvine - Economics and Computer Science, University of Southern California - Business, Stanford Medical School - Biomedical Informatics, Harvard Law School - Bioethics.