Managed Care

 

Members With High Deductibles Choose Lower-Cost Options

MANAGED CARE May 2009. © MediMedia USA
News and Commentary

Members With High Deductibles Choose Lower-Cost Options

MANAGED CARE May 2009. ©MediMedia USA

Consumers who choose high deductible health plans (HDHPs), which feature lower premiums and higher deductibles, are more likely than members of other health plans to choose lower cost options, such as generic medications versus brand-name drugs, and to take better care of their health.

Two studies conducted by Independence Blue Cross sought to learn more about consumers’ attitudes toward taking active roles in their health care and whether their behaviors back up their beliefs.

The company found that HDHP members were more engaged in making health care decisions than consumers in traditional managed care plans such as PPOs or HMOs. Fifty-seven percent of HDHP members with chronic conditions say they are actively involved in treatment decisions. Only 37 percent of members who are enrolled in other managed care plans say this.

Health plans are also a key source of information. Consumers traditionally look to their physicians, family, and friends for health advice.

The IBC study found that health plans are perceived as a viable source of information, particularly when exploring treatment options or the cost of care.

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Pharmaceutical Pricing and Contracting Conference Philadelphia, PA September 22–23, 2014
Private Health Insurance Exchanges Conference Washington, D.C. October 7–8, 2014
National Healthcare Facility Management Summit Palm Beach, FL October 16–17, 2014
National Healthcare CFO Summit Las Vegas, NV October 19–21, 2014
National Healthcare CXO Summit Las Vegas, NV October 19–21, 2014
Innovative Member Engagement Operations For Health Plans Las Vegas, NV October 20–21, 2014
4th Partnering With ACOs Summit Los Angeles, CA October 27–28, 2014
2014 Annual HEDIS® and Star Ratings Symposium Nashville, TN November 3–4, 2014
PCMH & Shared Savings ACO Leadership Summit Nashville, TN November 3–4, 2014
World Orphan Drug Congress Europe 2014 Brussels, Belgium November 12–14, 2014
Medicare Risk Adjustment, Revenue Management, & Star Ratings Fort Lauderdale, FL November 12–14, 2014
Healthcare Chief Medical Officer Forum Alexandria, VA November 13–14, 2014
Home Care Leadership Summit Atlanta, GA November 17–18, 2014