More than 10 million now have high-deductible health plans Bizjournals.com
The number of Americans enrolled in high-deductible health plans has risen to more than 10 million but still represents a small portion of the insurance market, according to a report from insurance group America’s Health Insurance Plans.
Enrollments in these high-deductible health plans (HDHP), which typically are paired with tax-free health savings accounts or health-reimbursement arrangements, are up about 25 percent from last year, the report said.
Insurers such as Louisville, Ky.-based Humana Inc. (NYSE: HUM), a major insurer in Wisconsin, and Anthem Blue Cross and Blue Shield in Wisconsin parent WellPoint Inc. (NYSE: WLP) have promoted the plans, which were approved by Congress in 2004, as a way to shift decision-making about health care costs to consumers.
According to the report, consumers in Wisconsin have adopted HDHP plans at a rate above the national average.
In Wisconsin nearly 270,000, or about 6.5 percent of those under 65 with private insurance, have enrolled in a HDHP plan.
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