Addressing the Increasing Burden of Health Insurance Cost Sharing

| February 12, 2018

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Despite some moderation, health care spending remains substantial, and ESI plans and other coverage programs have responded by shifting more financial responsibility to the health plan enrollee. The shift may accelerate as employers attempt to avoid the so-called Cadillac tax, which seeks to raise revenue from generous health insurance plans. Underinsurance is emerging as a serious problem that may be more difficult to tackle than uninsurance. Evidence shows that when cost sharing is imposed, consumers may respond by reducing their use of both necessary and unnecessary care. Although proponents of HDHPs claim that deductibles encourage judicious use of insurance and push consumers to shop for lower-cost, high-quality care, it is unclear whether this is true.

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Youi Insurance

Youi Australia (Youi Pty Ltd) was founded in March 2008 and is an APRA regulated and ASIC registered general insurance company. Youi New Zealand (Youi Pty Limited) was founded in August 2014 and is regulated by the Reserve Bank of New Zealand (RBNZ) and the Financial Markets Authority (FMA).

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Spotlight

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Youi Australia (Youi Pty Ltd) was founded in March 2008 and is an APRA regulated and ASIC registered general insurance company. Youi New Zealand (Youi Pty Limited) was founded in August 2014 and is regulated by the Reserve Bank of New Zealand (RBNZ) and the Financial Markets Authority (FMA).

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