Banks are trying to weaken the law during the rulemaking process and convince the Fed that some processing fees, like fraud prevention costs, should be broadly defined.
The deal reached Monday would keep most of Mr. Durbin's proposal in the final legislation both houses must approve, but allows the Fed to look at a broader range of factors, including fraud prevention costs, when determining what fees card-issuing banks can charge.
From a policy perspective, manufacturers are in a better position to initially bear the costs of prevention and insurance and can pass the costs on to the public in the form of higher product prices.
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Some of the costs of prevention are non-financial, such as having to put up with longer security queues at airports, or accepting more scrutiny from the state.
Qualifying medical expenses include the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body.
There is growing evidence that focusing holistically on wellness can reduce health-care costs by emphasising prevention over treatment.
The money for these grants came from the Prevention and Public Health Fund, a funding arm of the Affordable Care Act established to combat disease and lower healthcare costs by promoting wellness and prevention.
Benefits and Protections for the Middle Class: The Affordable Care Act includes numerous provisions to keep health care costs low, promote prevention, and hold insurance companies accountable.
Although effective obesity prevention leads to a decrease in costs of obesity-related diseases, this decrease is offset by cost increases due to diseases unrelated to obesity in life-years gained.
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And delaying early treatment or prevention can lead to higher long-run costs.
And one of the most important ways for us to control costs is to deal with the issue of prevention.
The rationale for curtailing merchant exchange fees rests on the belief that such fees are out-sized compared to the costs of issuance, which includes fraud-prevention measures such as entering a PIN number, but also refunding stolen money and replacing lost cards in the event of theft.
What we've got to figure out is how do we create the incentives in terms of how we are reimbursed, how we deal with getting doctors to work together more effectively, how we're working on prevention and wellness so that we're driving down costs across the board.
This suggests that when things go wrong and sunk costs are high, most of us naturally become prevention-minded, and more likely to try to keep waging a losing battle.
You claim that as a percent that private insurers administrative costs are higher due mainly to the cost of fraud prevention.
The objective of this study was to estimate the annual and lifetime medical costs attributable to obesity, to compare those to similar costs attributable to smoking, and to discuss the implications for prevention.
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We both want to emphasize prevention, because we've got to do something about ever escalating costs and we don't want children, who I meet all the time, going to emergency rooms for treatable illnesses like asthma.
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It could also lead to higher compliance costs, as cloud monitoring practices become more rigorous on testing and prevention of outages.
We can all agree that if we want to bring down skyrocketing costs, we'll need to modernize our system and invest in prevention.
In Belgium this understanding has resulted in laboratory costs for IVF and ICSI being reimbursed under a strict embryo transfer policy to secure the prevention of multiple pregnancies.
And I think obviously continuing to make progress -- obviously, the pitch for prevention and wellness are a big part of health care reform, because many of those long-term costs the government and taxpayers end up paying on the back end.
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