What advantages do you consider that there are agreementsbetween insurance companies and medical entities for...

What advantages do you consider that there are agreements between insurance companies and medical entities for determining the prices of services?What advantages do you consider that there are agreements between insurance companies and medical entities for determining the prices of services?

Expert Solution

Provides for rights and obligations of the insurance company and hospital avoiding unnecessary litigations
Gives stablisation to the rates of treatment
Customers can have more visibility as to what they are paying for in their treatment and how much will they get refund
Customers can determine the insurance policy to be taken with more information as insurance company is bound to disclose the details to the customers while giving the policy
Govenremnt can regulate the rates of treatment in a better way

ekkarill92 answered 2 years ago

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