The number of physicians nationwide that are declining to accept health plans from Obamacare exchanges is growing, according to a study from the American Action Forum. As of May 2014, over 214,000
Obamacare puts physicians — especially the dwindling number of those in private practice — in an especially difficult financial situation, expecting doctors to eat the costs of patients who discontinue coverage and to simply take on more patients to make up for bottom-level reimbursements.
Exchange plans nationwide pay on average significantly less than plans in the private market and even Medicare, according to AAF. While private plans generally pay doctors $1.00 for performing a given service, Medicare averages just $0.80; exchange plans are allowing doctors just $0.60 for the same thing.
That puts Obamacare plans more in line with Medicaid reimbursements, AAF reports, and Medicaid’s low reimbursement rates have been driving doctors away for years
The low physician reimbursements are likely borne out of the administration’s strong-handed push to keep Obamacare premium hikes as low as possible. In order to keep price low, insurers have to cut costs somewhere; in exchanges, companies moved to covering just narrow networks with few in-network physicians and offering low reimbursement rates to doctors with the promise that if physicians work even more, they’ll recoup their losses.
Typical political program we all have to work harder and get less. What we need are even more government programs so that we all can work all the time for nothing. PARADISE! LIBERAL UTOPIA! Actually that sounds like Hell to me.
But the structure of the Affordable Care Act itself puts doctors who accept plans purchased on Obamacare exchanges at risk of never being paid at all. Obamacare requires insurers who sell plans on the exchanges to keep coverage active even after a customer has stopped paying their premiums, for an extra 90 days.
For the first 60 days after a customer has stopped paying but is still insured, the insurance company has to pay for any care the patient uses. But for any services used in the final 30 days before a customer’s insurance can be terminated, doctors that see those patients won’t be paid at all.
Yes sir, there you have it folks Obamacare. Promoting a program that promises FREE HEALTH care, except there is no such thing as FREE anything, someone has to pay the bill. And in the case of Obamacare, the only people fool-hardy enough to actually play by the rules are going to be the ones STUCK with all these unpaid bills, unless of course there are no more doctors or hospitals left to treat you since they have all gone bankrupt under Obamacare.