In health care, most research shows no clear correlation between price and quality. When it comes to perceptions, whether you believe expensive care is better is mostly a function of how generous your insurance coverage is. For example, a recent study in HBR found that those with rich or comprehensive coverage tend to believe expensive providers are better, while people with more cost exposure believe the opposite. This confusion drives up cost in some cases and makes patients' health outcomes worse.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.