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Unformatted text preview: covered under their Medicaid plan, if it is established in a written policy for billing noncovered services for both patients and not just Medicaid, if it is known in advance the amount to be charged for any specific procedure and signs a document stating there are joining to pay it. Implications of simultaneous federal and state involvement in the insurance process would be duplication of effort - which is costly - and lack of communication. Also implications could be state regulations could conflict with the Federal regulations, complexity is increased due to satisfying the requirements of two regulatory bodies, cost of compliance is greater because there would be two regulating bodies, product innovations are inhibited due to excessive regulation, and regulatory goals of the States may be different than the Federal goals....
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This note was uploaded on 12/14/2011 for the course AXIA OF UO AAAA0GOT71 taught by Professor Gaylordvanalstine during the Spring '09 term at University of Phoenix.
- Spring '09