Many practices have faced a number of changes since the Affordable Care Act of 2010.
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Obamacare brought with it increased regulations, increased compliance costs, a shift in the way of practicing , and changes in how care is delivered.
Physicians are very split as to whether or not they favor Obamacare or have an unfavorable view of the Act.
Some physicians embrace the push towards preventative medicine. Others are struggling to stay in business.
Many practices have seen an increase in patient volume, however there is a trend of patients being unable to afford ongoing care due to out-of-pocket costs. When deductibles were lower, more patients were able to come in for follow-up visits. This is no longer the case with the high-deductible insurances.
Large physician practices have been able to split the expenses associated with Obamacare, and have been benefiting more under the Act. Physicians in smaller practices have seen overall drops in procedures since Obamacare.
Smaller practices have been hit harder by Obamacare’s rising insurance deductibles and higher operating costs.
While many practices have adjusted to Obamacare, Medicare continues to roll out new regulations and reimbursement policies.
Many physicians are worried for the impact of the Medicare Access and CHIP Reauthorization Act (MACRA) of 2015.
Let us know what you think about the Affordable Care Act. How has it affected your practice? Comment below!
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