Behavioral Health Business December 18, 2024
The shortage of psychologists accepting insurance, combined with full caseloads and high demand, has made mental health care increasingly difficult to access.
According to a new report by the American Psychological Association, roughly a third of psychologists do not accept insurance. Among those who accept insurance, private and commercial pay health plans were the most commonly accepted form of insurance.
In fact, 58% of psychologists said they participate in private/commercial insurance, 36% participate in traditional fee-for-service Medicare and 26% report participating in Medicare Advantage. Meanwhile, only 16% participate in traditional fee-for-service Medicaid and 18% accept managed Medicaid.
Psychologists working in hospitals, medical schools or organized human service settings were more likely to accept insurance than their peers in private practice.
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