What are the primary advantages and disadvantages of relying on increased patient cost sharing?

What are the primary advantages and disadvantages of relying on increased patient cost sharing?

Introduction

Existing health insurance programs merely depends upon elevated, equal patient cost sharing have inadequate capability to control unexpected increase in cost, however, patient cost sharing tool could become more effective by enhancing or modernizing the structure of the system. (HSC) in their new and in-depth study has explained that new and modernized designed system would comprise of certain incentives that would persuade healthy actions benefits that would be different for every services, patient health status, and others.

Meanwhile, it is also a fact that new structure has not yet gain popularity among masse and thus it is too early to expect major changes in cost structure (Chandra et al, 2010). In addition, policies containing high percentage of cost deduction, customer-related health care strategies entitled only for patients having health savings accounts (HSAs) exclude certain important advantage of structure and transfer the benefits in others areas.

Discussion

In prevailing situation where health care cost is increase at a rapid pace and there is a slight increase in premium prices, employees are forced to increase the level of patient cost sharing in modern era mainly from higher deductions, payments and insurance. On the other hand, federal government of the country has also promoted the increasing trend of patient cost sharing by developing a new tax released account “Health saving accounts” interrelated with highly deductable health policies. The government “HSAs” plans provides $1100 deduction for an individual and around $2200 deduction for their family members.

Advantages and disadvantages of increasing patient cost sharing

Moreover, (Sokol & Rosen, 2008) argued that since increasing patient cost sharing has turn out to be a main approach to reduce the impact of increasing premium ...