• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Trump admin secures pledge from 75% of health insurers in bid to improve patient care

by June 23, 2025
written by June 23, 2025

Roughly three-quarters of the nation’s health insurance providers signed a series of commitments this week in an effort to improve patient care by reducing bureaucratic hurdles caused by insurance companies’ prior-authorization requirements.

Director of the Centers for Medicare and Medicaid Services, Dr. Mehmet Oz, alongside Health and Human Services Secretary, Robert F. Kennedy Jr., announced the new voluntary pledge from a cadre of insurance providers, who cover roughly 75% of the population, during a press conference Monday. The new commitments are aimed at speeding up and reducing prior-authorization processes used by insurers, a process that has been long-maligned for unnecessarily delaying patient care and other bureaucratic hurdles negatively impacting patients.   

‘The pledge is not a mandate. It’s not a bill, a rule. This is not legislated. This is a opportunity for industry to show itself,’ Oz said Monday. ‘But by the fact that three-quarters of the patients in the country are already covered by participants in this pledge, it’s a good start and the response has been overwhelming.’

Prior-authorization is a process that requires providers to obtain approval from a patient’s insurance provider before that provider can offer certain treatments or services. Essentially, the process seeks to ensure patients are getting the right solution for a particular problem.

However, according to Oz, the process has led to doctors being forced to spend enormous amounts of man-power to satisfy prior-authorization requirements from insurers. He noted during Monday’s press conference that, on average, physicians have to spend 12 hours a week dealing with these requirements, which they see about 40 of per week. 

‘It frustrates doctors. It sometimes results in care that is significantly delayed. It erodes public trust in the healthcare system. It’s something we can’t tolerate,’ Oz insisted.

 

The pledge has been adopted by some of the nation’s largest insurance providers, including United Healthcare, Cigna, Humana, Blue Cross & Blue Shield, Aetna and many more. While the industry-led commitments aim to improve care for patients, it could potentially eat into their profits as well if patients start seeking care more often.

The commitments from insurers cemented this week include taking active steps to implement a common standardized process for electronic prior-authorization through the development of standardized submission requirements to support faster turnaround time. The goal is for the new framework to be operational by Jan. 1, 2027.

Another part of the pledge includes a commitment from individual insurance plans to implement certain reductions in its use of medical prior-authorization by Jan. 1, 2026. On that date, if patients switch insurance providers during the course of treatment, their new plan must honor their existing prior-authorization approvals for 90-days while the patient transitions.

Transparency is also a key part of the new commitments from insurance providers. Health plans enjoined with the commitments will pledge to provide clear and easy-to-understand explanations of prior-authorization determinations, including guidance for appeals. The commitment also states that by 2027, 80% of electronic prior-authorization approvals from companies will be answered in real-time.   

Oz, during the Monday press conference, compared the industry-led pledge to the Bible, saying, ‘The meek shall inherit the earth.’

‘I always grew up thinking ‘meek’ meant weak, but that’s not what meek means. ‘Meek’ means you have a sharp sword, a sword that could do real damage to people around you, but you decide, electively, to sheathe that sword and put it away for a while, so you can do goods, so you can do important things where once in a while we have to get together, even if we’re competitors, and agree,’ Oz said Monday.

‘That’s what these insurance companies and hospital systems have done,’ he continued. ‘They have agreed to sheathe their swords to be meek for a while, to come up with a better solution to a problem that plagues us all.’

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump hails ‘monumental’ damage as experts await verdict on Iran’s nuclear program
next post
Trump lashes out at Israel and Iran with profanity for breaking ceasefire

related articles

Epstein estate hit with new House subpoena for...

August 25, 2025

Bolton unleashes on Trump Ukraine policy days after...

August 25, 2025

Trump touts Kim Jong Un relationship amid South...

August 25, 2025

Trump threatens lawsuit over ‘blue slips’ as top...

August 25, 2025

Trump threatens lawsuit over century-old Senate tradition delaying...

August 25, 2025

Top GOP senator defies Trump demand to bend...

August 25, 2025

Democrats opposed John Bolton for years — until...

August 25, 2025

‘Bold’ general who led US’ ‘Midnight Hammer’ strikes...

August 25, 2025

US ally summons Trump ambassador over ‘unacceptable’ antisemitism...

August 25, 2025

‘Separated from reality’: Senate Republicans fume as Dems...

August 25, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Trump’s 20th week in office to include White House meeting with European leader, expected call with Xi

    June 2, 2025
  • Hegseth bans future trans soldiers, makes sweeping changes for current ones

    February 10, 2025
  • The great airlift: how Apple ferried 1.5M iPhones from India to the US to beat Trump tariffs

    April 11, 2025
  • Trump reveals who was behind Signal text chain leak

    March 25, 2025
  • A look back at Biden’s Remarkable 50-year career in politics

    March 20, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,816)
  • Investing (634)
  • Stock (899)

Latest Posts

  • Israel prepares for Iran attack amid warnings that regime is close to having nuclear weapon: ‘Unnerving’

    August 4, 2024
  • GOP rebel mutiny threatens to derail Trump’s ‘big, beautiful bill’ before key committee hurdle

    May 15, 2025
  • Oil and natural gas: Oil finds new support this morning

    August 21, 2024

Recent Posts

  • Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

    April 21, 2025
  • Trump national security advisers mock Biden’s warnings to Israel to stick to ‘proportional’ Iran response

    October 4, 2024
  • Longtime Trump loyalist flips on GOP’s ‘big, beautiful bill’

    June 5, 2025

Editor’s Pick

  • Oil and natural gas: Oil has an opportunity to recover

    September 27, 2024
  • Trump administration takes on new battle shutting down initial Iran strike assessments

    June 29, 2025
  • House Republicans to go to war with ‘rogue judges’ blocking Trump’s agenda: Here’s their plan

    April 1, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock