December 17, 2014

Is there a doctor in the house?

Obamacare is hurting doctors. I can say this with absolute certainty because my story is not unique.

We used to have a really great medical benefit through my employer. It wasn't really insurance in the traditional sense of a hedge against disaster, it was a medical or healthcare benefit.

A couple of times a year one of the kids would develop a sore throat, runny nose and maybe a slight fever. We would bundle them up and bring them to the see the doctor. They would get a basic exam and most likely a throat culture to rule out strep throat. We'd make our $20 co-pay and be on our way. The rest of the $200+ cost of the visit was paid for by the medical plan. The next day we'd get a call from the doctor's office telling us that the throat culture was negative and the kid has a cold and will get over it in a few days. We paid $20 for that peace of mind and the doctor collected $200+.

The new benefit plan thanks to the federal government comes with a $4,000 deductible - and a nice premium increase. Now if one of the kids complains of a sore throat and runny nose we look at them with kindness and compassion and say, "You've got a cold. Take this. You'll get over it in a few days." No trip to the doctor. No $20 copay. No reimbursement from the insurance company. The doctor loses. 

The insurance company collects the increased premium and pays out nothing.

They call this the Affordable Care Act?

Posted by: Stephen Macklin at 08:57 AM | No Comments | Add Comment

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