Today in the United States cost- sharing plays a vast part in the health care industry. The three forms of cost sharing are deductibles, co-payments, and coinsurance. Cost sharing saves the insurance companies money. However, it creates a powerful incentive for the consumer to search for alternate insurance that does not have out-of-pocket expenses. Medical services with complex benefits is common for the consumer to have little or limited knowledge of how their insurance plan works. This confusion of benefits forces consumers to avoid necessary care and limit specific services. Therefore, a greater percentage of consumers change their behavior due to confusion of explanations of their benefits with high-deductibles.
Health care deductibles