Is it possible that the Cadillac Tax will be a major health spending cost ‘deflator’?
Most people have become familiar with the 4 medical insurance metal tier plan names, Platinum, Gold, Silver, Bronze. These names are intended to help explain the level of coverage a plan will provide.
There have been some rumblings of a new Copper level plan that would have an actuarial value of 50 percent. As such, it would be lower coverage than the Bronze plan. “Such a plan would offer consumers the option of coverage that has lower monthly premiums but still provides the comfort of knowing that their costs would be limited in the event of serious illness or injury.”
However, “lower actuarial value products are typically associated with higher copayments and deductibles borne by consumers.”
At this point, no Copper plans have been announced but it is hard to tell what swift changes could come.
Related posts
