The Blue Cross Blue Shield Association estimated that hospitals' use of AI-assisted medical coding contributed to close to $1 billion ($942 million) in additional costs for its health plans between 2023 and 2025, CNBC reported on October 1. Hospitals and vendors dispute the framing, and the figure is the insurer's own analysis.
A PwC report found AI is one of five potential drivers of health costs rising by up to 9% in 2027, though not the biggest. A UBS analysis expects the financial gains from lower administrative costs to be "competed away over time." Adoption in healthcare is real, but who captures the savings is still contested.
Source: CNBC