cost sharing
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Hidden Costs of High-Deductible Plans
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A very large firm switched from completely subsidized insurance plans to high-deductible insurance plans, resulting in a reduction of 13 percent in total health spending. Evidence suggests that consumers are potentially reducing both wasteful and needed medical care, thus behaving counter to their financial and medical interests.
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Price check: Smarter shopping in health care could reduce patient costs
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Prices for health care services are often a mystery to patients, but a new study suggests that being more upfront about prices beforehand could help reduce healthcare spending through smarter healthcare shopping.