Reed Abelson of The New York Times takes an alternate – and more positive – look at employee reactions to high deductible health plans (HDHPs).
Read the full original article from The New York Times.
Abelson notes the rise of HDHPs under employer plans, and cites concerns: “There is no doubt that these plans can be a source of real financial hardship and poor medical decisions.” However, the article goes on to report that “even people with a steady flow of medical bills have decided that the potential savings are worth the risk. On average, families saved almost $150 a month in premiums, or $1,800 a year, if they chose the high-deductible option, coupled with a health savings account offered by many large employers, according to Mercer.” Other advantages include more awareness of health costs and less money taken from wages.
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