At the top of my wish list would be addressing the cost of health CARE rather than focusing on the cost of health INSURANCE. A major factor in the rising cost of health care in our country is that the consumer is too far removed from the actual cost of their care. As a result, the cost of care continues to rise, as does the cost of insurance.

Our current third-party payer health care system does not induce, nor in many cases afford the opportunity, for a consumer to determine the value of the care they are considering. Only the consumer can determine if the value of the resources used for their medical treatment are greater than the value provided by the medical treatment. When they are paying 20 percent of the cost of the medical treatment, the determination of the value of the care is very different than it is when they are paying 100 percent of the cost of the care. If we put consumers back in control of determining efficient quality and quantity, that will drive down the cost of health care and in turn, bring down the cost of health insurance.

Joni Reents

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

Paul Wilson

Paul Wilson is the editor-in-chief of BenefitsPRO Magazine and BenefitsPRO.com. He has covered the insurance industry for more than a decade, including stints at Retirement Advisor Magazine and ProducersWeb.

More from this author

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.