Study Shows Wait Time for Set-Aside Approvals Decreasing

A National Council on Compensation Insurance study shows that the Center for Medicare Services is approving Medicare set-asides more quickly, but experts were quick on Monday to point out that the system still has flaws. According to the study, which analyzed 2,200 settlements submitted from the firm Gould and Lamb between Sept. 2009 and Nov. 2013, the average amount of time CMS has taken to approve Medicare set-asides has dropped from a peak of 272 days in the second quarter of 2012 to 104 days in the fourth quarter of 2013. While the study authors said they couldn’t determine whether...