Health insurance companies frequently rate doctors, so now, doctors are rating the health insurance industry.
The doctors' rating of the industry, including Medicare, is based on how fast and how much of the billed claim insurers pay.
And how did they do?
Well, in the three million claims analyzed by the American Medical Association, Medicare was the best for doctors among the eight plans, paying 98 percent of the contracted rate. United HealthCare was at the bottom of the list with 62 percent, and Aetna had a rating of 71 percent.
Doctors say they spend 14 percent of their total revenue processing paperwork just to get what's coming to them. They hope to change that by negotiating better contracts with insurers.
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