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CDHPs Reduce Costs Even After Care Is Initiated

09/29/11

  05:02:57 pm, by MedBen5   , 242 words,  
Categories: News, Health Plan Management

CDHPs Reduce Costs Even After Care Is Initiated

Consumer-directed health plans (CDHPs) have had a positive impact in how people approach health care spending, a new study suggests. Medical Xpress reports that patients covered under a high-deductible health plan with a health savings account (HSA) or health reimbursement arrangement (HRA) reduced their costs even after they initiated care.

The study found that patients who are in an CDHP and have initiated care lowered their personal costs in at least three ways: through decreased use of name-brand medications, reduced inpatient care and less use of specialists. Researchers from the RAND Corporation, Towers Watson and the University of Southern California speculate that CDHP members may be more inclined to discuss with their doctors ways to help keep costs low.

“Unlike earlier time periods, it seems that today’s consumers can have greater influence on the level and mix of medical services provided once they begin to receive medical care,” said Amelia Haviland, the study’s lead author and a senior statistician at RAND. “We found that at least part of the savings in cost per episode reflects choices for less-costly treatments and products, not just a reduction in the number of services.”

MedBen offers a variety of consumer-driven products to control your costs, which can be purchased on a stand-alone basis or as part of an overall benefits package. If you would like to learn how CDHPs can benefit your health plan, call Vice President of Sales and Marketing Brian Fargus at 888-627-8683.

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