Recession cuts into health spending; High-deductible plans spread

NewsGuard 100/100 Score

Politico: Recession One Way To Curb Health Costs
The economic slump has put the brakes on health spending, which may bolster a conservative truism: When consumers become more sensitive to the cost of health care, they cut back. Or maybe it supports a progressive one: Forcing consumers to have more "skin in the game" means they will cut back on needed care, not just elective or unnecessary care. And neither side can tell for sure yet whether people have changed spending patterns for good or just postponed seeing doctors or getting tests or treatment (Feder, 11/21).

Los Angeles Times: More U.S. Firms Using High-Deductible Insurance Plans
U.S. employers, struggling to contain rising healthcare costs, are expanding their use of high-deductible insurance plans, which help reduce monthly insurance premiums by shifting a greater share of medical expenses to workers, a new survey shows. In 2011, 32% of companies with 500 or more employees offered high-deductible plans. That was up from 23% in 2010, according to the survey of 2,844 private and public employers by the benefits consulting firm Mercer (Helfand, 11/22).

Related, earlier story from KHN: FAQ On HSAs: The Basics Of Health Savings Accounts (Kulkarni, 11/4)


http://www.kaiserhealthnews.orgThis article was reprinted from kaiserhealthnews.org with permission from the Henry J. Kaiser Family Foundation. Kaiser Health News, an editorially independent news service, is a program of the Kaiser Family Foundation, a nonpartisan health care policy research organization unaffiliated with Kaiser Permanente.

Comments

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical.
Post a new comment
Post

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

You might also like...
Teledermatology study exposes skin tone diagnosis gaps, AI offers improvement