Insurers claim AI is already increasing healthcare costs
Blue Cross says hospital AI coding tools added $942 million in healthcare spending over two years.
The Blue Cross Blue Shield Association said hospitals’ use of AI when submitting insurance claims coincided with an additional $942 million in healthcare spending over two years. The analysis reported a sharp rise in patients documented as having complex conditions, with no evidence of a corresponding change in care delivered. The New York Times treated the finding as further evidence that AI use by both hospitals and insurers is raising costs. Abridge founder Shiv Rao warned of agents fighting agents, while BCBSA’s Luke Chalker described insurers as on the losing side.
- BCBSA ties hospital AI claims tools to $942 million in extra spending over two years.
- More patients were coded as complex without a matching change in care.
- Abridge’s founder warned of bots fighting bots; BCBSA called it one-sided.
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From the original article
1 min read at techcrunch.com
Blue Cross Blue Shield says hospital use of AI tools led to an additional $942M in healthcare spending over a two-year period.
By Anthony Ha · techcrunch.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.