After a long list of Obamacare failures in Alaska, one physician is shutting down his decades-old practice, charging that the health-care law and other federal programs are “unsustainable” for practicing doctors.
Dr. William Wennen, a plastic surgeon, is closing his Fairbanks practice after 38 years of working in the state. Dr. Wennen blames federal health insurance programs, citing Obamacare, Medicaid and Medicare, for shutting down his practice.
“It is an unsustainable system,” Dr. Wennen wrote to his customers in a letter obtained by The Daily Caller. “I am personally writing off upwards of three quarters of a million dollars annually in free/uncompensated care.”
“My reasons for closing down the office are simply economic,” Wennen wrote. “The governmental agencies that are supplying ‘medical insurance’ to the elderly, the disadvantaged, the indigent and the sick, injured, or disabled have placed an unrealistically low value of worth on physician’s services.”
Medicaid typically has the lowest physician reimbursements of any federal program. Doctors have been protesting pay cuts for services through Medicaid and Medicare. It’s increasingly difficult for customers to actually find health care providers that accept the coverage — especially in private practice, where doctors are more hard-pressed to be profitable than at big-budget hospitals.