More than half — 55.5 percent — of physicians think the insurance exchanges put in place under the Patient Protection and Affordable Care Act will have an unfavorable impact on their practices, according to a recent survey by the Medical Group Management Association.
Of the physicians surveyed in September, 40.2 percent indicated their practice was still evaluating whether or not to participate on an exchange product. For those physicians, the greatest barriers to participation included:
• Low reimbursement rates would pose a financial risk for our practice
• Financial liability during a 90-day grace period for ACA exchange enrollees
• Concerns about the financial burden of patient collections
The survey included responses from more than 1,000 physician group practices.
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