Can Consumers Be Smart Health-Care Shoppers?
April 17, 2017
NCPA Senior Fellow Devon Herrick writes for the Wall Street Journal:
Patients are told they need to take greater control over their care. But are laypeople capable of sifting through all their choices to make the right decisions -- particularly when it comes to costs?
The Kaiser Family Foundation, a health-care research nonprofit, found deductibles for individual workers have soared in the past five years, rising 67% since 2010 without adjusting for inflation. That's roughly seven times earnings growth over the same period.
A separate Kaiser analysis of tens of millions of insurance claims found that patient cost-sharing rose by 77% between 2004 and 2014, driven by a 256% jump in deductible payments.
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