And now this is interesting:
?? Jamie Dimon told JPMorgan investors today: high deductible health plans aren't working out for the company (transcript via @TheTerminal) #TicTocNews (cue the Amazon-Berkshire-Chase speculation) pic.twitter.com/DXsGY87ZP6
— Zachary Tracer (@ZTracer) February 27, 2018
The academic evidence has shown that people are horrendous shoppers for health care as the information costs to figure out what is good versus bad much less what is really good versus acceptable are too high. There is a reason why training for specialists and surgeons is usually a decade of work after a bachelor’s degree.
The theory of change behind a High Deductible Health Plan (HDHP) is that people with intermediate levels of expenses would be good shoppers. This means they would avoid low value services, embrace high value services and seek good pricing among multiple offerings of high value services. Ooops.