What’s been working at keeping insurance premiums under control? Nothing that’s being discussed in Washington these days.
StateHouseCall contributor Merrill Matthews, along with Ray Ramthum, laid out some numbers in an op-ed published by Investors’ Business Daily.
High-deductible health plans are where it’s at:
For Cigna, costs in CDHPs in their first year went down 4%; those in Cigna’s traditional plans went up by 9%.
Aetna saw a decline of 10% for CDHPs vs. an 8% increase in traditional plans.
Uniprise experienced a 15% drop in CDHPs vs. a 7% rise in traditional plans.
And WellPoint compared its group insurance accounts in 2008 and found HMO and PPO rates went up 7% to 10% from the previous years, while CDHPs went down.
You can read the whole article here.
Cross-posted from State House Call.