The Rise of High-Deductible Health Plans
As more Americans move into public and private health exchanges or choose employer-sponsored high-deductible health plans, the shift in financial responsibility has created new challenges for physician practices.
According to the American’s Health Insurance Plans (AHIP) Center for Policy & Research, an additional 2 million people joined the ranks of those with coverage under a high-deductible health plan (HDHP) in 2014. Today, more than 17 million people are now responsible for thousands of dollars in out-of-pocket healthcare expenses, as shown in Figure 1. In 2015, an individual could be liable for up to $6,450 in out-of-pocket costs, and a family’s out of pocket maximum could reach $12,900.Read More