Health Insurance Assignment Paper
Surname 1 Name Tutor Subject Date Value-Based Insurance Design Question 1: Under what circumstances might increasing out-of-pocket costs for consumers increase the value and efficiency of healthcare provided? First, the evidence provided points out that when consumer cost-sharing is increased on all services, i.e., Health Insurance Assignment Paper
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without considering their clinical value, then there is a significant decline in the use of both essential and nonessential care. This translates to an observation that consumers escape high-value clinician visits, cancer screenings, or even buying life-saving drugs when they are required to pay more (Nash 416). Those with increased cost-sharing for healthcare services such as office visits have higher rates of hospitalizations when compared to those who have outof-pocket costs. Health Insurance Assignment Paper