What the Obamacare repeal bill means for physicians
“This repeal may affect their bottom line, especially outside of major cities with high-traffic. Depending on the demographic of your patients, some may dropout due to lack of coverage or misunderstanding/fear regarding the new plan,” he says. “They should plan ahead to boost new patient acquisition and encourage existing patients to return.”
Changes in Medicaid
The American Medical Association are one of numerous medical groups that are weary over the GOP bill, in part because of its aim to eliminate the funding for Medicaid expansion.
Wayne Lipton, founder and CEO of Concierge Choice Physicians, a concierge group with more than 200 affiliate physicians in 23 states, notes that for doctors who care for large Medicaid patient populations, millions would no longer be covered under the new legislation.
“Those with high-risk illnesses will potentially have to pay more if they have interruptions in their insurance, and thus, may end up uninsured,” he says “Many doctors will be facing more bad debt. For most practices, the issues will be far less than for hospitals, who will be facing much more losses because of unreimbursed healthcare. Emergency rooms may again become packed with the uninsured, impacting those emergency departments, their budgets and the physicians who work there.”