Health Insurance Class - Lesson #18 - Flirting With Disaster - Defined Contribution Health Plans
There is no doubt that businesses that switch workers into high-deductible plans (defined contribution health plans) can reap enormous savings, many consultants will tell you that. It is a situation that will make the employees pay more for out-of-pocket expenses. Consumers with high deductibles will sometimes skip procedures, and can opt out of getting treatment and shop around for lower prices when they actually do seek care.
What nobody knows is whether such plans, really give healthcare consumers a better option for healthcare, than what we had before. If people are driven into bankruptcy by using high-deductible health plans, is this really a victory for the American public.