Accounts Receivable.
Obamacare is a disaster for the US economy, for the US taxpayer, and for the consumer of US healthcare. Millions of Americans are losing, or will soon lose, health insurance with reasonable premiums, reasonable deductibles, and reasonable copayments. In exchange, we will each pay more and receive less. That is "Obama-approved" insurance; pay more, get less.
Among the plethora of lies King Hussein spoke with a straight face was "If you like your doctor, you won't have to change". Of course, that was another promise he is unable to keep, because he has no control over the decision of any provider to remain in business under the terms of his new Obama-approved insurance programs.
In a free market, a businessman provides goods and services on terms he chooses: cash or credit, terms agreeable to seller and buyer. In the previous health care economy, most insurance plans required the consumer to pay a deductible on the first $250 or $500, then a copayment of $25 (more or less) for office visits. But in the new Obamacare economy, plan holders are on the arm for $2,500 or more in deductible, and 60/40 coverage after that. Obamacare policies are toxic, and many providers are refusing to accept them; but other policies are also affected, or will soon be, by the requirement to be Obama-approved.
The average patient will be deep in debt to his medical providers; debts that may take years to pay, if ever paid at all. Clinics and independent providers will be required to maintain huge amounts of accounts receivable, of which much will never be recovered. King Hussein, or a successor to his throne, will push for "forgiveness" of medical debt in the name of "fairness".
What is the inevitable result? Increased bankruptcies among consumers. Doctors leaving practice. Clinics closing. Loss of access to care, particularly in poor or rural areas.
And while Americans lose our doctors, King Hussein will throw back his head, laugh, and say "I love it when a plan comes together."
