Question

Identify two ways in which high deductible health plans have changed healthcare consumer behavior that has impacted healthcare providers. Please be clear and specific in your response. (200-300 words)

Answer 1

High deductible healthcare plans significantly impacted on the behaviour of healthcare consumers. Healthcare consumers can easily avail healthcare products using high deductible healthcare plans. As per the highly deductible healthcare plans, consumers can avail free healthcare services up to $2,300 instead of $1,150. The goal of highly deductible healthcare plan is to enrol a maximum number of cost-conscious healthcare consumers. The cost of allowable healthcare plans impact on the behaviour of healthcare consumers by reducing the healthcare cost. Two ways in which highly deductible healthcare plans have changed the healthcare consumer behaviour are as follows:

1. Cost-sharing: The highly deductible healthcare plan has implemented the RAND Health Insurance Experiment, which is a randomized attitude to take the financial responsibility of the patients. It has reduced healthcare costs, which changed the behaviour of the healthcare consumer. Now, consumers are getting more opportunity to be involved under the central healthcare plans.

2. Random assigning: Highly deductible healthcare plans randomly welcomed consumers. The availability of healthcare plans encourages the participation of healthcare consumers. Healthcare consumers have started behaving with a more positive approach to participate in healthcare plans. Engagement of healthcare consumers with healthcare plans increased from 65% to 71.33%.

Thus, highly deductible healthcare plans have improved the structure of healthcare behaviour.