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Finding out what’s in it: According to a new poll, only 11% of doctors believe that the Obamacare health exchanges will be open for business on October 1, as mandated by the law.
I found this tidbit from the article, however, far more disturbing, as it describes a detail of the Obamacare exchanges that will surely cause doctors incredible financial pain, and will likely cause them to demand all payments up front:
Jackson said that doctors who don’t have an understanding of those coverage terms could be in for a nasty surprise once the new plans go into effect. That’s because under the rules of the exchange, a patient can go up to three months without paying premiums and still not get their coverage formally dropped by an insurers—but the insurer isn’t obligated to pay claims incurred during the second and third month if that person isn’t paying their premiums for that time, Jackson said. Those rules could mean that doctors end up eating the cost of the care they have already provided, or have their receivables stay unpaid for longer stretches of time. [emphasis mine]
In other words, the law is tilted to allow patients to stiff both their doctors and their insurance companies. How precious.