The United States healthcare system is facing new challenges as the nation struggles under Obamacare’s burdensome regulations, with many doctors “changing careers” over mounting costs and increasing uncertainty.
According to a new report from NBC News, New York University unveiled its new policy of “tuition free” medical school for all incoming students; hoping to lure prospective doctors amid a growing crisis.
Recently released data by the American Medical Colleges Association showed the United States will face a doctor shortage of 42,600 by 2030.
The stunning report blames the impending shortage on the growth of more lucrative high-tech jobs, escalating financial burdens, a bloated bureaucracy, and increasing uncertainty surrounding the future of Obamacare.
“There are definitely fewer people going to [med school] and more going into careers like engineering,” said an industry insider. “Graduating med school doesn’t mean you’ll get into a residency.”
Read the full report here.
BLUE STATE BLUES: New Jersey to REINSTATE OBAMACARE Tax as Prices SPIRAL
Just months after the Trump administration and the GOP-controlled Congress officially ended Obama’s individual mandate requiring all Americans to face a penalty if uninsured, New Jersey is poised to reinstate the tax as healthcare costs spiral out of control.
“Governor Phil Murphy on Wednesday signed the new tax into law that will impose the tax on residents who choose not to purchase ‘qualifying’ health insurance as defined by Obama-era regulations,” writes Americans for Tax Reform.
According to the organization, nearly 80% of New Jersey households impacted by the Obamacare mandate earn under $50,000, directly harming low-income workers throughout the state who are ineligible for other programs, such as Medicaid.
“78% of New Jersey households hit by the Obamacare mandate tax make less than $50,000 per year. According to the IRS, the Obamacare mandate tax hit 188,570 New Jersey families and individuals in the most recent year of available data. 146,910 of these taxpayers made less than $50,000 per year – 78 percent of those impacted by the mandate,” says the report.
Read the full report here.
DEATH SPIRAL: Obamacare Rates SPIKE 91% in Maryland
Obamacare insurers in the state of Maryland are set to raise certain premium costs by 91% in 2019; sparking renewed calls for a major overhaul of the US healthcare system as more companies drop out of the failing healthcare exchanges.
According to Fox News, healthcare providers in Maryland are poised to raise rates by 30% on average with some plans spiking by over 90%. The news comes just days after insurers in Virginia announced double-digit hikes throughout the state.
“Maryland Obamacare insurers CareFirst, BlueCross, and BlueShield plan to raise rates for an HMO plan on the law’s exchanges by 18 percent, and 91 percent for an extended network, or PPO, plan,” writes Fox.
The “death spiral” comes just months after congressional Republicans failed to “repeal and replace” the failing healthcare law and is raising new questions over the future of the Affordable Care Act.
Senator Chuck Schumer blamed the escalating costs on the GOP’s efforts to repeal the “individual mandate” that requires individuals to purchase healthcare or face still penalties.
“Republicans know they own the skyrocketing healthcare costs, but instead of working in a bipartisan fashion to lower the costs, they actively undermined our healthcare system and made the problem worse,” said Schumer.