Thursday, October 30, 2014

Ever-slimmer pickins on the exchanges

How much slimmer?  This much:

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”

And, of course, the slimmer pickins are going to cost more.  See some of the tweets in the linked article about 78 percent increases in premiums.  My own premium jumps from $613 to $780 come January.  My fitness trainer told me this morning hers is set to triple.

Because we have to have coverage for every last possible reason to visit a doctor or pharmacy.  Can you imagine what your car insurance would cost if it covered oil changes and replacing brake lights?

Once again, economic freedom is so elegantly simple compared to any kind of collectivist scheme.

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