Thursday, October 10, 2013

One Thing You Can Count on with Obamacare

The Affordable Care Act, better known as Obamacare, got off to a rocky start last week. But it will be years before we know whether the law can achieve its long-term goal of getting more Americans insured while slowing the growth of medical costs.

Proponents say that more Americans will have access to medical care, certainly a plus in a country as prosperous as ours.
However, many of us could end up paying higher premiums to supplement those who will pay little or nothing at all.
I’ve spoken to experts in the healthcare and insurance professions. Most are pessimistic with this move towards socialized medicine. One concern is that the wait time to receive that care could soar as more doctors refuse to accept insurance and Medicare. Thus delaying critical treatments.
With that consensus, one thing is almost for certain: More people piling into doctors’ offices seeking treatment means longer waiting times for you.
For example, if you normally estimate a visit with a specialist will take two hours, better figure on four once Obamacare takes hold.

Best wishes,

George