- Posted December 11, 2013 by
This iReport is part of an assignment:
Obamacare: Your story
Obamacare: 70% of California Doctors leaving exchange.
Independent insurance brokers are saying that as many as 70 percent of California's doctors are refusing to participate in the Covered California insurance exchanges. Covered California claims 85 percent of California doctors are participating, but that was based on a survey that was circulated in May. At that time, doctors were not told the rates they would be paid.
Now that doctors have seen the low rates, they are saying no, in very large numbers.
The result of this will be overwhelmed, cheaply paid doctors, financed by the federal government, and later the state, neither of which will be collecting anywhere close to projected revenues from the healthy.
Employers are expected to opt for penalties as opposed to paying increasing insurance rates, thus dumping millions of previously-covered people into the market.
All of these people, if they do get insurance, will overwhelm the small number of doctors participating in the program.
The system will collapse, compelling the federal government to strongly consider a single-payer system where everyone pays via their taxes and everyone accepts far less quality of healthcare than ever before.
This is the destruction of your healthcare America.