The MedFICO will be a way of rating those that obtain healthcare. Basically, it is a credit score that you receive for hospital payment. If your insurance company is slow (or doesn’t pay at all), you get dinged. If you don’t have insurance (an increasing problem for many of us), and you set up a payment plan that slows down how fast you pay your total bill, you get dinged.

Of course, the developers insist that it won’t affect the care you receive. But in a medical business where money does affect the care you receive, that’s a bunch of bull. Here’s what Jeanne Roberts at The Panelist believes will be the outcome:

Given the large percentage of uninsured or under-insured in the U.S., coupled with the notorious inaccuracy of credit-scoring companies (which have a 29 percent inaccuracy rate due to slow or inaccurate reporting), the healthcare outlook is grim. Add to that the tendency of insurance companies to pay late or not at all, and healthcare in this country – if based on credit scores – is likely to become unavailable to many Americans, beginning with immigrants and the poor and “trickling up” to middle-income earners caught in the most recent Federal financial fiasco we now call recession. This is not a sustainable policy, and puts American healthcare below the par set by Third World Countries like India, Mexico and China.

Do you agree with her assessment? Is it really a good idea to add this to an already-questionable US healthcare system?

Post from: EveryJoe

A Special Credit Score — To Determine Your Healthcare Treatment