HIGH DEDUCTIBLES YIELD UNDERINSURANCE FOR 31 MILLION

The Commonwealth Fund's biennial Health Insurance Survey found 31 million Americans underinsured due to high deductibles. Underinsured was defined as out-of-pocket costs of 10% or more of household income, or out-of-pocket costs are 5% of more of household income if income is under 200% of federal poverty level, or deductible is 5% or more of household income. S.R. Collins, P.W. Rasmussen, S. Beutel, and M.M. Doty reported their findings in "The Problem of Underinsurance and How Rising Deductibles Will Make It Worse. Findings from the Commonwealth Fund Biennial Health Insurance Survey, 2014." The survey was posted on 5-20-15 by The Commonwealth Fund. LEARN MORE

Posted on May 21, 2015 and filed under Affordable Care Act.