Thursday, October 30, 2014

One Of Four U.S. Doctors Will Not Participate In ObamaCare Exchanges

If you like your doctor, you can keep your doctor, unless, of course, you're forced to participate in the ObamaCare mandated exchange...

(WCJ) More than 214,000 doctors will not participate in new plans under the Patient Protection and Affordable Care Act (ACA).

According to a survey conducted this year by the Medical Group Management Association (MGMA), a trade association comprised of multi-physician medical practices, “as many as 214,524 American physicians will not be participating in any ACA exchange products.”

Reasons abound as to why, but, “chief among them is the fact that exchange plans are more likely to offer significantly lower reimbursement rates than private market plans, confusion among consumers about the obligations associated with high deductibles, and fear that patients will stop paying premiums and providers will be unable to recover their losses”

This is a staggering number, considering the Kaiser Family Foundation reported there are 893,851 active physicians working in the United States.

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Posted By: Chris Carmouche