Why Aren’t Consumer-Driven Health Plans More Popular?

In a recent post I discussed new evidence that so-called consumer-driven health plans (CDHPs) reduce health spending one-eighth among employer-sponsored group plans run by national health insurance companies.
CHDPs are defined as High-Deductible Health Plans coupled with Health Savings Accounts (or Health Reimbursement Arrangements). These plans became available in 2005. However, they appear to cover only a little over one-quarter of employed people or their dependents who are enrolled in their benefits.
The case for CDHPs is that consumers (patients) will spend their health dollars more prudently than insurers or employers will. So: Why is such a small proportion of people enrolled

Read more at The Independent Institute