Giving people “incentives” to spend their money wisely is a growing part of the solution to rising healthcare costs. Give people financial responsibility for their healthcare decisions, the thinking goes, and they’ll make cost-effective choices.
It’s usually done by having people pay part of the cost of their employer-provided health coverage, and through things like higher deductibles and co-pays. Today, on average, people in the private sector pay 20 percent or more of the cost of their coverage. The trend is for this number to go up. But it’s not true everywhere. Read more »
*This blog post was originally published at See First Blog*