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May 2, 2011
Thanks to Obamacare
Topics: Political News and commentariesYou can thank Obamacare for the coming doctor shortage:
The health reform bill signed into law last year is expected to significantly increase the number of Americans with health insurance or participating in the Medicaid program. Meanwhile, an aging population will increase participation in Medicare. This means a greater demand for physician services.Read more ...But at the same, the bill may drive physicians out of practice.
Existing government programs already reimburse physicians at rates that are often less than the actual cost of treating a patient. Estimates suggest that on average physicians are reimbursed at roughly 78% of costs under Medicare, and just 70% of costs under Medicaid. Physicians must either make up for this shortfall by shifting costs to those patients with insurance -- meaning those of us with insurance pay more -- or treat patients at a loss.
More of that "change" you can believe in!
Posted by Hyscience at May 2, 2011 7:47 AM
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