Health insurance in the United States is a widely debated issue but there are steps that America can take to ensure that more people have access to the coverage they need. According to the CDC, 25.5% of people under age 65 have public health insurance; with that many people benefitting from public insurance, difference software systems could help manage claims that arise in various situations, such as workers compensation. Here are three reasons why the workers compensation database is crucial for workers.
A Database Cuts Down on Confusion
More than 124 million workers nationwide are covered by the workers compensation system. That’s a lot of workers who rely on fair compensation in the event of an accident or situation that forces them to be out of work. A workers compensation database helps keep track of those workers and provides some organization in what could potentially be a very chaotic system. Various benefits administration software helps keep everything in order and reduce confusion in the claims processing system and other medical providers.
A Workers Compensation Database Saves Money
Healthcare claims processing software might be the key to manage healthcare costs in the U.S. It costs almost $250 billion every year to process 30 billion healthcare transactions.
A comprehensive system that helps track workers compensation beneficiaries creates efficiencies that save the government money. Annually, the United States could save a potential $175 billion in healthcare costs by halving administrative costs which could then go back into helping those without insurance get onto a plan that keeps them covered.
Average Americans Can Benefit from Healthcare Opportunities
According to the CDC, over 30 million people under 65 are uninsured. This can cause serious problems for individuals who run the risk of incurring some sort of injury that would have been covered by workers compensation in a better circumstance. Healthcare insurance software, as part of a larger workers compensation database, can help identify workers without insurance and ensure that those who need insurance can access it. Around 90% of Americans with private dental coverage get their benefits through an employer or other group program; it could be an American ideal that medical insurance is also as readily available.