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Yea, I think that those things are highly desirable FOR the insurance company, because yearly checkups reduce the chance that the insurance company has to make
by montecarl 8y ago
Yea, I think that those things are highly desirable FOR the insurance company, because yearly checkups reduce the chance that the insurance company has to make a big payout. So you would either see insurance rate refunds/reductions for a yearly checkup or you would see them covered.
- dragonwriter 8y agoWe tried that, for, well, the whole history of health insurance in the US prior to the ACA, and that's not what happened. Preventive care improves outcomes but doesn't reduce aggregate costs.
- tcbawo 8y agoIs there data that backs up this assertion?
- GFischer 8y agoNot sure about data, but medical costs are for the most part inelastic, and concentrated on a small number of patients with expensive conditions. What I DO know from working in insurance is that lifetime medical costs are concentrated in the last 2 years of life (I worked on credit card insurance and life insurance). That's where you could make huge costs savings (but is an ethical landmine, not to mention economic interests) https://www.healthaffairs.org/doi/full/10.1377/hlthaff.2017.0174 https://www.healthaffairs.org/doi/full/10.1377/hlthaff.2017.... https://www.nihcm.org/categories/publications/the-concentration-of-health-care-spending-data-brief?showall=1 https://www.nihcm.org/categories/publications/the-concentrat...