Impact of Supreme Court Ruling: Healthcare Deductibles, Co-Pays May Skyrocket

Posted on: June 11, 2013

As the U.S. Supreme Court voted 5 to 4 to uphold the Patient Protection and Affordable Care Act of 2010, millions more Americans will now be required to either purchase insurance or face a tax penalty. And, many employers also will face fines if they don’t offer coverage for their workers.

Seeking an affordable solution, more employers are likely to offer their workers high-deductible plans…meaning that healthcare providers and patients will have to contend with large balances-after-insurance bills.

According to a recent survey by benefits consultant Towers Watson and the National Business Group on Health, a nonprofit alliance of large companies, seventy percent of large companies surveyed said they’ll offer high-deductible insurance by 2013.

Moreover, nearly a fifth of the firms responding to the survey, said high-deductible coverage would be the only option in 2013.

According to a new paper from Rand Corp., half of all workers — including those working for the government — could be on high-deductible insurance within a decade.

There is, however, a solution. CSI Financial Services’ ClearBalance® program is a patient-friendly loan program designed to help all patients (regardless of credit score) by providing an affordable repayment option for their out-of-pocket healthcare expenses.  ClearBalance gives patients the opportunity to repay their obligation over time with low monthly payments, no annual interest rate, and no late fees.

For more information, please call ClearBalance at 858-200-9208.