MedCity News September 15, 2020
A growing number of patients with private coverage are underinsured, according to a new report by the Commonwealth Fund.
As healthcare costs continue to grow, patients are increasingly footing the bill, according to the Commonwealth Fund’s biennial health insurance survey. Even employer-based plans, considered the “gold standard” of insurance, don’t go as far as they used to a decade ago.
According to the survey of more than 4,200 adults, 26% of respondents with employer-based coverage were underinsured. This is determined by seeing if their out-of-pocket costs (excluding premiums) in the past year equaled 10% or more of their household income. It also applies if their deductible is higher than 5% of their income.
While the numbers were roughly the...
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