Policy Expert: Doctors Will Retire Earlier Under Obamacare

Monday, 25 Mar 2013 06:35 PM

By Bill Hoffmann

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Health insurance premiums will continue to rise and more experienced doctors will retire earlier under Obamacare, the director of the Manhattan Institute’s Center for Medical Progress says.

“Over the next 10 years . . . the U.S. is going to be spending $500 billion more on health care because the law passed,’’ Paul Howard told John Fund on Newsmax TV’s “The Steve Malzberg Show.’’

Get your copy of the ObamaCare Survival Guide for $4.95 special offer — Save $15!

“Since the law passed, family premiums for employer-provided health insurance have gone up and continue to go up and we expect them to keep going up for the next several years.’’

Howard — also editor of web magazine Medical Progress Today — said some measures Obamacare touts as cost savers, like the creation of accountable care groups, encourage hospital consolidation.

Obamacare: Massive New Rules Revealed for 2013

“And you know what happens in markets where hospitals consolidate?
They buy up doctors’ practices and guess what, hospitals get paid more for Medicare and for the same services when they’re delivered at a physicians’ office.

“So it’s going to be cost increasing across a number of different fronts.’’

Howard also said the new law requires physicians to do more for less.

“Medicare pays about 80 percent of what private insurers do, Medicaid pays even less, about 60 percent of what private insurers do, so we’re asking them to do more, we’re paying them less,’’ he said.

“That trend is encouraging for instance older physicians to retire, it’s encouraging more physicians to throw up their hands.’’

If there is a tiny silver lining to Obamacare, Howard said, it appears to be that health savings accounts will be up and running on schedule next year.

“That should give people at least some protection. They can go into the system, get affordable coverage, and putting more control in the hands of consumers often leads to better care,’’ he said.

Get your copy of the ObamaCare Survival Guide for $4.95 special offer — Save $15!

See the Steve Malzberg Show on Newsmax TV each weekday live by Clicking Here Now.

You can listen to the Steve Malzberg Show each weekday live from 3-6 PM ET on SiriusXM 166.




© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

US to Extend Keystone XL Comment Period, Delaying Decision

Friday, 18 Apr 2014 14:32 PM

The Obama administration said Friday it's extending its review of the Keystone XL pipeline - a procedural punt that coul . . .

Clinton Sought GOP Support for Health Care

Friday, 18 Apr 2014 17:00 PM

President Bill Clinton's advisers estimated early in his term that passing a health care overhaul would require a delica . . .

Obama Signs Law Aimed at Barring Iran UN Envoy

Friday, 18 Apr 2014 16:37 PM

President Barack Obama on Friday signed into law a bill barring US visas for UN envoys seen as a threat to American secu . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved