Managed Healthcare Executive January 5, 2022
U.S. healthcare is the most expensive healthcare in the world. Many of the policies and programs designed to rein in those costs have been predicated on the idea that information about quality and price would make Americans more discerning shoppers of healthcare — and with that shopping would come some market discipline. In November, the Commonwealth Fund published a report that provided an overview of this 40-year effort to infuse “consumerism” into American healthcare.
The results have not been very encouraging, according to the report. Take high-deductible plans. With “skin in the game,” people were supposed to have an incentive to spend healthcare dollars wisely. Instead, says the Commonwealth Fund report, high-deductible plans have led people to “indiscriminately limit their...
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