OPINION by Wayne Caswell, founder & senior editor, Modern Health Talk
This is an obvious opinion piece that I posted on Huffington Post in response to another opinion piece, It’s Not Just You — Those Health Insurance Deductibles Are Getting Scary.
The article was well written but misleading because it failed to acknowledge that Total Insurance Cost = Premiums + Deductibles + Copays. Instead, it focused almost exclusively on high deductibles.
The general shift in the insurance market has been toward policies with lower premiums but higher deductibles that give consumers “more skin in the game”, often with the same or lower end cost. It’s also a shift away from employer-provided, prepaid medical care and instead toward insurance against financial ruin from catastrophic injury or illness. Where consumers before had just 2-3 choices among group plans, the ACA has promoted competition among dozens of insurers in exchange marketplaces with apples-to-apples comparisons to make shopping easier. Read More …