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22.05.12 From cars to clothing, groceries to gas, it’s critical for today’s families to know the price of items to make informed buying decisions. The same is true when it comes to purchasing healthcare.

For many years, consumers were only responsible for copays.  While this approach kept things simple and predictable (i.e. a $10 office visit), consumers only saw a fraction of what healthcare really cost. What they didn’t know was that providers were charging more than the copays to insurers, who passed the costs along to employers in the form of insurance premiums. And despite healthcare costs rising every year, copays didn’t keep up with inflation, so consumers were left believing their coverage wasn’t so pricey after all. 

Source: GoLocal Worcester