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The final surprise medical billing regulations issued last week fall well short of the intended goal, according to the ERISA Industry Committee (ERIC).

“Instead of taking steps to lower health care costs — especially in these inflationary times — the federal departments watered down the surprise medical billing requirements that dictate how much an employer-sponsored self-insured health plan is required to pay when emergency services are furnished by an out-of-network provider and when an out-of-network provider furnishes services at an in-network medical facility,” the industry association says in a news release.

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