Only about one-third of medical groups believe that health savings accounts benefit patients, but the majority believes the plans are good for insurance companies, according to a new national survey by the Medical Group Management Association.
The study, released yesterday during the trade group's annual meeting in Nashville, found that only 34% of respondents believed that HSAs, which are becoming increasingly common as employers and insurers shift more healthcare costs to consumers, are good for patients. But 68% of respondents said the plans are good for employers and 59% said are good for insurance companies. Meanwhile, only about 64% of respondents said they are "beginning to understand" the rules and regulations regarding these high-deductible plans.
"It is essential that providers and patients understand their options concerning HSAs, and even more importantly, that they view them positively, if the implementation of these products is expected to go smoothly," said William Jessee, M.D., president and chief executive officer of the group, which conducted the survey of 1,209 medical group practices in collaboration with Visa USA.