Are High-Deductible Health Plans With Narrow Networks a Good Thing?

Health insurance policies with high deductibles, high coinsurance rates, and high maximum out-of-pocket limits have become de rigueur under employment-based health insurance in the US. They also are de rigueur for the health insurance coverage sold by private health plans on the insurance exchanges under Obamacare.

Health insurance policies with high deductibles, high coinsurance rates, and high maximum out-of-pocket limits have become de rigueur under employment-based health insurance in the US. They also are de rigueur for the health insurance coverage sold by private health plans on the insurance exchanges under Obamacare.

Traditionally, these policies have been marketed by their proponents under the brand name “Consumer Directed Health Care,” evoking images of consumers actually in charge of the healthcare they “consume.” A fair question is whether these insurance policies are good or bad for the citizens of this country. How should we look at that question?

Should we look at it through the prism of clinical medicine, the way physicians would frame the answer?

Read more at Forbes: http://onforb.es/1zhAxRZ