The Obamacare exchange scares 40 percent of doctor practices, according to recent research by the Medical Group Management Association (MGMA).
As previously reported by The Inquisitr, Obamacare exchange enrollment has already experienced glitches that have at points slowed them to a stopping point.
In addition to the already experienced glitches, Obamacare might never really have a chance to get off the ground if 40 percent of doctor practices choose to opt out of the Obamacare exchange altogether. In a survey of 1,000 medical groups with more than 47,500 physicians, thirty percent of doctors responding to the survey say they plan to participate in the Obamacare exchanges. But 14 percent say they would not, and 16 percent say they don’t know.
Dr. Susan Turney, President and CEO of the MGMA weighs in on these concerns:
“It’s troublesome that there is so much uncertainty about ACA implementation this late in the game.”
The biggest insurance providers participating in the Obamacare exchanges are Blue Cross and Blue Shield, Humana, Aetna, and United Health Group. But what will they be paying doctor practices? While many physicians appeared enthusiastic about the chance to treat the uninsured and under-served patients, 80 percent are worried about their Obamacare exchange paychecks:
“Some insurers want practices to sign contracts for less than their current commercial rates, but are unable or unwilling to provide detailed information to physicians about how the exchange products will be administered.”
Ultimately, it is the amount of patients who sign up for the Obamacare exchanges that will determine how many doctor practices are signing up. Despite all the uncertainty, insurance companies have expressed confidence about the amount of doctor practices that will sign up for the Obamacare exchanges.
While many are concerned with the Affordable Care Act’s price tag, it will largely depend on participation, making the news that 40 percent of doctor practices are hesitant to join the Obamacare exchanges a little worrisome. Adding to those worries is the fact that 2.7 million young Americans must sign up for the Obamacare exchange in order for it to break even.
What do you think of the Obamacare exchange scaring 40 percent of doctor practices? If you were a doctor, would you participate?