One of the basic facts about the cost of health care in this country is that preventive services, such as screenings, have a seriously significant pay-off in the long term. Yet, up until this point, many medical insurance providers have allowed barriers to be placed in the way of these kinds of preventive services. Typically, a co-pay of around $20 or more is necessary for screening for things like high cholesterol levels, diabetes or high blood pressure.
Thanks to the new medical insurance reform law, however, those copays are about to disappear. Beginning on January 1st, most workers will see the co-pay for preventive services go away.
Specifically, the new health care law is aimed at helping employees have access to regular checkups and routine screenings that will, over the long run, reduce the overall costs of health care. It’s much less expensive, of course, to treat a patient before an ailment sets in, or if it’s discovered early.
A hefty cost
The problem is that the law isn’t so much requiring health insurance companies to make changes to their plans as it is requiring employers to make sure those things are covered. What’s happening, then, is that some companies are looking at the prospect of footing the bill for employees as well as their families for these kinds of services.
There are other new costs that employers will be facing, as well. Children up until the age of 26 will have to be covered by group plans that their parents are enrolled in, which will cover children with pre-existing conditions. In addition, the law gets rid of lifetime limits for various types of care.
But will it work?
How much of a different that makes remains to be seen. Workers may find that these important services no longer have a co-pay, but getting them to actually go in and have the necessary tests and such can be difficult, at best. Still, the potential for costs savings not just in the immediate future but over the long haul in terms of the need for advanced medical care suggest that the tactic is valuable, regardless of how many people take advantage of it.