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It's Not Just You -- Those Health Insurance Deductibles Are Getting Scary

Posted by New Leaders Council 4 Admin on May 20, 2015 at 7:01 PM

Originally published on Huffington Post Politics by Jonathan Cohn on May 20, 2015.

Debates about health care frequently focus on the number of people with and without insurance, because it’s a relatively straightforward thing to measure. Either you have coverage or you don’t.

But an equally important question is what kind of insurance you have -- and that includes whether your policy leaves you exposed to large, potentially crippling out-of-pocket expenses. The answer makes a big difference.

A big co-payment might discourage you from filling a prescription to treat a serious condition, or from seeing a specialist whose attention you need. If you get sick and end up in the hospital, a high deductible could leave you owing many thousands of dollars, forcing you into financial distress.

You wouldn’t be uninsured, but you would be underinsured.

You’d also have lots of company.

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