Obama Administration proposes new rules to cut costsThe Obama Administration recently proposed a new rule that is expected to deliver cost savings of up to $9 billion over the next 10 years.

Health and Human Services Secretary Kathleen Sebelius announced recently that a new rule will cut the red tape for doctors, hospitals and health plans, adopting operating rules for making health care claim payments electronically and describing adjustments to claim payments.

"These new rules will cut red tape, save money and ensure doctors spend more time seeing patients and less time filling out forms," Secretary Sebelius said.

According to recently conducted studies, the average physician spends three weeks a year on billing and duties related to insurance. Many hospital officials receive and deposit paper checks in addition to manually posting the healthcare claim payments in their accounting systems, which can be costly in the long run, but receiving electronic payments and automating the posting of payments will allow a physician's practice and hospital's administrative time and costs to be cut.

President Barack Obama is now embracing his recently approved healthcare reform law, which was made official by the Supreme Court. He is now using it as a selling point for his re-election.
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