Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: locogringo who wrote (879863)	8/13/2015 10:29:24 AM
From: zax	Read Replies (2) of 1586629

My deductibles went up, but premiums came down. This has been by design. The effect of increased deductibles is intended to cause people to "feel" expense when they use their insurance, even if the net effect on their total insurance expense is the same. Prior to this, if your doctor prescribed for you a $500 name brand (versus a $100 generic equivalent), many if not most would opt for the more expensive alternative, as they "felt" no real financial participation in the decision; there was either no difference to them at the register, or it was very small. But people naturally want to avoid spending, even if the net effect of premiums plus deductibles were the same. Higher deductibles cause patients to perceive medical expenses more substantially. This is smart thinking from a standpoint of cost containment. I put the max out into my health savings account, and cover these expenses with pre-tax dollars. Doctors are regularly bribed, directly or indirectly, by pharmaceutical companies to prescribe more expensive alternatives, or will frequently lazily do so as the patient would not challenge any decision in which they do not genuinely perceive that they are financially participating.

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