The more we dig into HDHPs, the more we're realizing they might not be the silver bullet afterall. Sure, they can save you some money upfront, but what about down the road? Don't forget, it's the big-ticket/catastrophic claims that really take a toll on your finances, not the small stuff in your health plan.
Beware of high deductible health plans. Employers have been utilized this as way to reduce costs, but this study by Rozalina McCoy shows the dangers involved. Those in a high deductible planHad greater odds of experiencing all diabetes complications 1.11; for myocardial infarction; for stroke; and more than double the risk of hospitalization for heart failure; OR, 2.53; 95% CI, 2.38-2.70 for end-stage kidney disease; for lower-extremity complication; OR, 1.17; 95% CI, 1.13-1.21 for proliferative retinopathy; and for blindness! American Diabetes Association #diabetes #healthinaurance https://lnkd.in/gcAbMCiu
I wish there was a way you could apply much cheaper cash rates to that high deductible.
If the HSA is not funded or if it is just a high deductible members cannot afford care. They delay care until it is a much more expensive care event.
Kerry Willis MD
3mo
It's not hard to figure out. HDHP limit access to primary and preventative care. Costs soar because of delayed care. Most middle class small businesses have to buy ACA HDHPs because it all they can afford
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Health Policy Regulatory and Legislative Expertise; Market Innovator
3moThe behavioral economics on this is clear in that people fear catastrophes more than they fear missing that annual preventative exam or test because of costs. It would be best if high deductible plans met up with the evolving science and measurement of cost-effective preventative care.