iLoveBenefits: Industry News Blog

Putting a Positive Spin on a Critical Problem

53% of Exchange Consumers are Satisfied With Their Health Plan

Deloitte recently published their 2016 Survey of US Health Care Consumers. Here are some key findings from the report:

  • More than half (53%) of exchange consumers are satisfied with their health plan overall.
  • 54% of those with employer insurance and 74% of those with Medicare are satisfied.
  • 7 in 10 exchange consumers say they had no financial difficulty paying out-of-pocket costs last year.
  • 34% of exchange consumers feel prepared to handle future health care costs compared with 16% in 2015.
  • Nearly half of exchange consumers (45%) say they feel confident about being able to get affordable care.
  • 67% of exchange consumers looked online for help selecting a policy vs. 30% with employer coverage.

Source: Deloitte, May 11, 2016

Health care spending continues its torrid growth

The Altarum Institute released its monthly indicators for the health sector, which found that national health spending in February 2014 grew 6.7 % over a year earlier, the highest rate of growth since the recession started.  A portion of the growth is attributable to newly insured individuals, but much of the acceleration in growth happened in 2013, before coverage took effect.  By January, the health spending share of GDP reached an all-time high of 17.7 percent.

An alternative to the Affordable Care Act

    • In the spring edition of National Affairs published this week, James Capretta and Robert Moffit of the Heritage Foundation outline a comprehensive alternative to the Affordable Care Act in their article, How to Replace Obamacare.  The proposal includes a “defined contribution” approach to the public financing of health care, personal responsibility and continuous-coverage protection, a genuine state-federal partnership, addressing the tax treatment of employer-sponsored plans, an overhaul of Medicaid, a premium-support reform of Medicare, and the a offset of all new costs through spending cuts.

Harvard saves millions with Family Van clinic

Editor’s note: The Emergency Room is the single most expensive resource in the health system. In order to reallocate resources and provide affordable access to people, more creative delivery modalities will be required.

Harvard Medical School‘s Family Van clinic saved about $20 million for the health care system last year, researchers said. The curbside clinic reaches out to patients who don’t have regular health care and often use a hospital emergency department for primary care. The study said the van returns $36 for every $1 invested in the program. The Boston Globe