PROVIDE A RESPONSE OR STATEMENT TO THIS STUDENTS DISCUSSION:
Cost sharing definitely has an impact on a consumer’s spending and I feel it is very appropriate for patient’s to be financially responsible for a portion of the bill. It discourages wasteful spending when it affects their own pocketbook. Personally, I’ve seen a better rate of compliance when there is a “cost” to the patient versus programs that have no cost associated, in which they are more lackadaisical about following physician’s orders. As we know, the percentage of aging adults is increasing as the baby boomers become Medicare eligible (Caitlin, Poisal, & Cowan, 2015) and our social security system needs them to be responsible for covering their share of their medical expenses.