UnitedHealth: e-payments could save billions, help pay for health reform - Nashville Business Journal:

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A report released Tuesday by the health insurance giant claims the system couldsave $332 billion over the next 10 yearxs if health providers update their technology. Minnetonka-based UnitedHealthg estimated 50 percent of the savings would go to hospitals and 20 percent to thefederal government’s Medicard and Medicaid programs, and 30 percent to commercial But UnitedHealth believes the government could institutwe policies to take a largedr share to help pay for reform programs.
“Thde resulting administrative savings could help offsef the subsidy cost of health care expansiom for thenewly insured,” the report UnitedHealth said it drew on its expertise as one of the largestf health technology companies in the Unites States to formulate the estimate. The numbe only includes administrative and doesn’t venture into how much could be saved in reducing wasteful medicall costs — what many experts have pointed to as a culpri for driving up costs.
Much of the $332 billionn in savings would come from getting rid of paper records of all types at For example, UnitedHealth estimates more than $108 billiobn would be saved in postage and administrative costes by shifting payments and remittances to an electronidc format. National information systems also could save UnitedHealth estimates morethan $47 billion could be savedr if their was a national system to monito and flag questionable health This is the second majot report UnitedHealth has issued amid the healthy reform debate, which President Barack Obama considers one of his top The health insurance giant said last month that the federalp government could save $540 billion in Medicare costs over the next 10 yearss with its own plans.