Defined contribution: a part of our future.
Rising employer health care costs and consumer backlash against managed care are trends fostering the development of defined contribution plans. Defined contribution plans limit employer responsibility to a fixed financial contribution rather than a benefit program and dramatically increase consumer responsibility for health care decision making. Possible outcomes of widespread adoption of defined contribution plans are presented.
Baugh
Reginald F
RF
3 Parklane Boulevard, Suite 1212 West, Dearborn, MI 48126, USA. rbaugh@qualityhealthcareproviders.com
D003258:Consumer Behavior; D003363:Cost Control; D017047:Cost Sharing; D017049:Employer Health Costs; D005260:Female; D005544:Forecasting; D006264:Health Benefit Plans, Employee / Q000592:standards* / Q000639:trends; D006801:Humans; D008297:Male; D008329:Managed Care Programs / Q000592:standards* / Q000639:trends; D014481:United States