Major commercial health insurers and Medicare significantly lowered their error rates during the past year, but still incorrectly paid nearly10 percent of claims, according to results of an annual survey from the American Medical Association.
The error rate in 2012 was 9.5 percent compared with 19.3 percent a year earlier. The association attributes the improvement to its efforts to work with insurers. The improved accuracy translates to $8 billion in savings from reduced administrative costs to reconcile errors, according to the AMA in its fifth annual National Health Insurer Report Card.
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