According to the head of California’s largest medical association “seven out of every 10 physicians in California are rebelling against the state’s ObamaCare health insurance exchange and won’t participate”. Source
Why?
Simple economics: the reimbursement rates are too low.
ObamaCare Exchange reimbursement levels appear to mirror Medicare & Medicaid rates.
And, for example, Medicaid only reimburses doctors 72 cents out of each dollar of costs.
You can’t make it up in volume.
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Similarly, some high profile hospitals – e.g. Sloan-Kettering, Cedars Sinai – are opting out of the Exchange programs.
Why?
Reimbursements rates are too low.
Most conservative pundits are saying that the shrinking doctor & hospital networks will force ObamaCare to its knees … since people will revolt when they can’t use “their” doctors or the best hospitals.
Further, O’Reilly, et. al., have been saying “… and there’s nothing Obama can do about it.”
I beg to differ Mr. O’Reilly …
The Homa Files 