ECFC Community Blog
Blog Home All Blogs
The latest news from the world of consumer-driven health care. Enter a Key Word to search for articles or click on the Top Tags.

 

Search all posts for:   

 

Top tags: HSA  House Ways and Means  HDHP  Devenir  ECFC Membership  Health care costs  Hearing  2018 Milliman Medical Index  ABA  ACA  advocacy Cadillac Tax  Best Practices  Cadillac Tax  CDH  CDHP  consumerism  Continuing Education  deductibles  Dietel  Ecfc  Fidelity  Generation Z  healthcare  Hill Day  house hearing  HSAa  Jody Dietel  John Goodman  Kevin Brady  Lifestyle Spending Accounts 

High-Deductible Health Insurance: The Good, the Bad, and the Ugly

Posted By Martin Trussell CFC, Friday, May 11, 2018
From Forbes, By John Goodman

Kaiser Family Foundation study finds that about half of all people with employer provided coverage have a deductible of at least $1,000 . An Avalere study finds that the average deductible for silver plans in the (Obamacare) exchanges this year is almost $4,000. Some employers of fast food workers are only offering plans with the maximum out-of-pocket exposure Obamacare regulations will allow. Currently, that’s a $7,150 deductible for an individual and double that for a family.

There has been a sea change in the way the health policy community thinks about this. When Gerald Musgrave and I introduced the idea of Health Savings Accounts  25 years ago, the reaction was almost uniformly negative – in the health insurance industry, among the professional societies, among the hospitals and in the academic world.

The prevailing view at that time was that patients are incapable of making good decisions about how to spend health care dollars and that these decisions should instead be made by managed care professionals. Today we find even liberal Democrats defending extraordinary out-of-pocket burdens faced by people who get insurance in the exchanges they helped create. 

Despite this remarkable change in attitude, very few people seem to understand what is going on.

 Read more

Tags:  HDHP  John Goodman 

Share |
PermalinkComments (0)