Will the US market accommodate the Affordable care act?
Taken from the Medicare & Medicaid services website: http://www.cms.gov/Research-Statistics-Data-and-Sy...
"Medicare payment rates for physician services as determined by the Sustainable Growth Rate (SGR) system are scheduled to be reduced by roughly 30 percent over the next 3 years. For most of the other categories of Medicare providers, the recently enacted Patient Protection and Affordable Care Act (ACA), as amended, calls for a reduction in payment rate updates equal to the increase in economy-wide multifactor productivity."
Presumably these rate reductions would perhaps reduce medicare payments to physicians so much that many would choose not to accept new medicare patients.
My question, if there are millions of medicare patients who current physicians say they will not accept under the Affordable Care Act - wouldn't our free market economy create a market of physicians which would accept these patients under the Affordable care act?
- Ray;mondLv 78 years agoFavorite Answer
It does not look good, no matter what legislation passes. The AMA = American Medical Association is powerful and well funded. Most medical doctors are used to high pay for long hours of stressful work. Physician's assistants, medical students and nurses are doing a high percentage of the care, Americans are becoming more sickly, due to bad attitudes, substance abuse including aspartame (in sugar free beverages) which is highly addictive. Costs will continue to rise and quality of care continue to decrease. It is not a free market and will become less free as government increases micromanaging. We may even license quacks to fill the rapidly increasing needs of the American public. Neil
- The MoronLv 68 years ago
That's the million dollar question. LOL!
I'm guessing the high cost of medical school, malpractice insurance, and lowering reimbursements will not bode well for the market. LOL!
- Alpha BetaLv 78 years ago
Affordable care act? That's a laugh. This is going to be the most unaffordable program ever.
- My Baby!Lv 78 years ago
No..... there is no way this will be affordable.......