High deductibles are here to stay. The average deductible for single coverage under employer plans this year is $1,217. That’s almost double what it was in 2006. The trend is not going to abate. Next year 4 in 5 large employers will offer a high deductible plan and 1 in 3 will offer only a high deductible plan. Moreover, the deductibles in the plans offered on the (Obamacare) health insurance exchanges are more than twice as high as the average employer plan.
What Every Family Should Know About High Deductible Health Insurance
Also published in Forbes Tue. October 14, 2014
John C. Goodman is a Senior Fellow at the Independent Institute, author of Priceless: Curing the Healthcare Crisis and President of the Goodman Institute for Public Policy Research.
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