Friday, September 9, 2016

Oof, Now Even the New York Times is Saying Obamacare Looks Like Medicaid

Hardly a ringing endorsement!

From Margaret Sanger-Katz writing at the New York Times, "Think Your Obamacare Plan Will Be Like Employer Coverage? Think Again":
[S]ix years into the health law, the reality is that a typical Obamacare plan looks more like Medicaid, only with a high deductible. The typical marketplace plan covers a small number of low-cost doctors and hospitals, and offers fewer frills than employer plans. The recent high-profile exits of many of the national insurers from markets around the country will only heighten the shift. ... 
When the first Obamacare plans were released for 2014, many experts and customers were surprised at how many featured very limited numbers of doctors and hospitals.
Three years later, and the trend has only intensified. Many of the companies providing employer-based coverage, like UnitedHealth Group, Aetna and Humana, which tended to offer broad networks, have been exiting the markets. ...