High deductible plans increase consumer awareness of costs of medical care by forcing them to pay for expenses up to a deductible amount. The negative aspect of this is that employees may not like having to spend extra time gathering information about price differences between providers.

Question

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High deductible plans indeed increase consumer awareness of healthcare costs by requiring individuals to pay out-of-pocket for medical expenses up to a certain deductible. This can lead to increased time spent by consumers in researching and comparing prices between different healthcare providers, which some may find burdensome or undesirable.

High Deductible Plans Increase Consumer Awareness of Costs of Medical