The root of these rapidly rising health costs is what economists have called the Third Party Payment problem.
The cost-lowering potential of direct-payment practices is heartening because the current third-party payment system has failed to stem our burgeoning health cost crisis.
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It also includes the estimated tax payment for the third quarter of 2011, which would normally be due Sept. 15.
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Now quite apart from the issue of profit, there is the problem of third-party payment.
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Under the current rules, information reporting for applicable payment card and third party network transactions are due to the IRS by February 28 each year (or March 31, if filed electronically) for the prior calendar year.
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Others are considering a departure from the current system of third-party payment.
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The third thing you need is a payment system, a mechanism to make payments, either through Smart Cards or pre-paid cash cards.
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The other third is mostly locked up, requiring payment or passwords to view it.
Former Livi director Ged Nixon, who is currently head of supporters' group 'Livi for Life', is the third member of the consortium who will give the SFL a number of assurances, chiefly the payment of a "substantial" bond and a commitment to fulfil the club's fixtures this season.
Obamacare will only add to the cost-inflating administrative burden that third-party payment places on doctors.
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As with any third-party payment system, which gives the illusion of someone else paying, patients tend to demand far more medical services than they would if they believed they could spend any savings on something else.
Indeed, third-party payment is largely to blame for the untamed growth of health costs.
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According to Deutsche Bank, the ratio of rent to after-tax mortgage payments was 107.8% in the third quarter, implying rent is more expensive than a monthly home payment (for median homeowners).
Mortgage payment delinquencies hit a 20-year high in the third quarter, according to the Mortgage Bankers Association, as borrowers were unable to refinance or sell their homes to get out of a credit pinch.
The proposed rules may create a third set of employees, those who prefer payment in cash to a pension promise.
We rely on a third-party payment system that dramatically reduces any incentive for the patient to be a value-conscious shopper in the health care marketplace.
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Concerns over how best to report and reconcile items on the form 1099-K have plagued retailers and individuals alike since legislation was passed by Congress in 2008 requiring the issuance of forms 1099-K for third party merchant and credit card payment processing which meets certain criteria.
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The third and strongest argument Mr Orszag makes is for the potential of an independent payment-advisory board on Medicare spending.
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People were duped into sending a partial or full payment to a third-party agent via a wire transfer payment service and to fax their payment receipt to the seller as proof of payment.
Our system of third- and fourth-party payment for health care ensures that even people who actively try to discover the cost of their care have difficulty doing so.
In its first public enforcement action, the CFPB found that third-party call-center vendors of Capital One Bank pressured or misled customers into paying for payment protection and credit monitoring products when they activated their credit cards, according to a press release.
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The California native and San Francisco 49ers fan, who had just tied a franchise record with his third straight 20-rebound game, was forced to face the media wearing a Ravens Super Bowl champion hat, payment of a lost bet with Baltimore fan Carmelo Anthony.
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