The researchers found that, overall, medical deductibles were higher in 2023 than in 2022
Statistic Info
High deductibles can pose a financial risk to individuals who may not have the means to cover them; this could lead to people compromising on necessary treatments because of affordability issues. Furthermore, higher deductibles would also affect businesses that provide health insurance as part of their benefits package by increasing their costs.
Author: HealthPayer Intelligence
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In 2023 there was a 13% revenue growth in Q2 due to rising enrollment