CDH Plans Turning Patients Into Consumers?
Health savings accounts (HSAs) are turning patients into consumers by replacing
one-size-fits-all insurance plans with individually owned tax-exempt savings accounts.
With HSAs, more people can afford to be insured and portable private savings accounts
lower costs and encourage
preventive care, says Investor's Business Daily (IBD).
During the first year (CY 2004) of HSAs:
• One-third of HSA purchasers were previously uninsured, according to
eHealthinsurance, an online insurance brokerage
• About 70 percent paid less than $100 a month for coverage
• High-deductible policies are 15 to 40 percent less expensive than
comprehensive policies and HSA savings greatly exceed deductibles
Source: Editorial, "Patients Should Also Be Consumers," Investor's Business
Daily, February 8, 2005.
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