Tuesday, July 23, 2013

Obamacare Loophole Could Leave Doctors Holding the Bag for Unpaid Claims

Reason reports:
I thought I'd lost my mind when I read a news reference to a three-month grace period health insurers must provide to customers who buy coverage through Obamacare exchanges and then don't pay premiums, but which could leave providers uncompensated for services rendered during the last two months of that grace period. As it turns out, though, I'm not the one who lost his mind — that honor belongs to the authors of the Affordable Care Act. Yes, the law really does require that insurers must keep deadbeats on their rolls for three months, but that they only have to pay claims submitted during the first month.
The great moments of central planning!