Read the Reed et al2009 article High Deductible Health Insur

Read the Reed et al.(2009) article, High Deductible Health Insurance Plans: Efforts to Sharpen A Blunt Instrument. http://content.healthaffairs.org/content/28/4/1145.full.html

Evaluate the concept of cost-sharing, and what is known and what is not known by consumers with a high-deductible health insurance plan. Does the knowledge of having a HDHP change consumer behavior responses to cost-sharing? Requirements: Submit your essay in a Word document. This assignment must be at least 500 words, with at least four references cited properly in APA format, and a title page (APA format). This assignment must be well-written with proper grammar, spelling, and punctuation. Follow the rubric.

Solution

There is requirement for consumers to pay for care in the case of high deductible health insurance plans in order to fulfill deductible amount. There is more requirement for consumers for extra information and decision support in order to understand the advantages and understand the use of care. The deductibles from cost sharing encourages the consumers for using in a more judicious way. There is CDHPs and deductible based plans along with limited information l. The creation of financial incentive with the help of cost sharing motivates the behavior of consumers for the purpose of medical care. There are structures with separate cost sharing aspects for the purpose of prescription drugs for deductible plans. This is applied for brand name drugs. The high deductible health insurance plans needed to consumers for paying for care until there is amount of deductible aspect that reaches for the same. There is limited information on understanding the benefits of the consumers and its response to the cost. There are consumers have limited knowledge regarding deductibles. There is poor knowledge related to the effect of deductible design. Yes the knowledge of HDHP changes consumer behavior responses to cost sharing. The knowledge makes the customers analyze it effectively and the outcome. This changes their engagement with the cost.