"At the time of a cancer diagnosis, the incentives of the patient and those of his life insurer align more strongly. Both want him to live as long as possible. Every month of added life is a bonus for the insurer, both in postponing benefits and in collecting additional premiums," write Goldman and Lakdwalla in The Wall Street Journal.
Insurance Choice and Benefit Design
Other featured articles
Are High-Deductible Plans a Healthy Option for Patients?
High-deductible health plans may have unintended consequences for patients.
Growing Number of Unsubsidized Part D Beneficiaries with Catastrophic Spending Suggests Need for Out-Of-Pocket Cap
More than one million Part D enrollees who were not eligible for cost assistance reached the catastrophic coverage in 2015.
Without a Cap, Out-of-Pocket Drug Spending Poses Great Risk
Medicare Part D distinctly lacks a cap on out-of-pocket spending, sending many beneficiaries toward financial hazard.
Financial Burden of Healthcare Utilization in Consumer-Directed Health Plans
Enrollment in a consumer-directed health plan increases the financial burden associated with healthcare utilization, especially for those with lower incomes and with chronic conditions.
About this section
Even as many Americans pay for inadequate coverage, claims for unnecessary medical services remain undiminished. Schaeffer Center research informs policies seeking to improve consumer choice and promote accountability while enhancing the value of insurance plans.