Sky-High Deductibles Might Be Breaking the Health Insurance System

The video discusses the rise of high deductible health plans and their impact on American workers. It highlights the financial strain these plans place on employees, especially during economic downturns like the financial crisis. The expectation that high deductibles would control healthcare costs by making employees more cost-conscious has not been realized. Instead, many cut back on necessary care. Some companies are now reconsidering these plans, acknowledging their limitations and potential harm to employee health.

What is one of the main financial challenges faced by workers with high deductible health plans?

• Inability to pay for basic groceries

• Difficulty in affording emergency medical expenses

• High costs of luxury items

• Increased travel expenses

What was one of the reasons for the introduction of high deductible health plans?

• To increase the number of healthcare providers

• To make healthcare more accessible to everyone

• To control rising healthcare costs

• To eliminate the need for insurance

What unintended consequence has been observed with high deductible health plans?

• More efficient healthcare markets

• Reduction in both necessary and unnecessary care

• Higher wages for employees

• Increased use of unnecessary medical services

What action has JPMorgan taken regarding high deductible health plans?

• Lowered deductibles for some workers

• Introduced a new type of insurance plan

• Eliminated health insurance benefits

• Increased deductibles for all employees

Who is Atul Gawande and what has he discussed regarding high deductible plans?

• A politician advocating for universal healthcare

• A physician discussing the risks of financial burden on patients

• A financial analyst discussing stock markets

• A tech entrepreneur promoting digital health solutions