[Press Release from Alliance for Health Reform]
Despite new private insurance coverage over the past year, many people do not understand the very terms and concepts necessary to make informed choices, according to recent studies. A new Alliance for Health Reform Toolkit, “Health Literacy and Health Insurance Literacy: Do Consumers Know What they are Buying?” addresses the extent and significance of both health literacy and health insurance literacy for Americans buying and using health insurance.
- Nearly nine out of ten adults have difficulty using health information to make informed decisions about their health
- Half of Americans don’t understand such basic health insurance terms as premium, deductible and copay
- Thirty-seven percent of marketplace enrollees did not know their deductible, and 47 percent of those receiving subsidies did not know the amount of federal assistance they were getting.
- The cost of low health literacy in the United States currently represents between 7 percent and 17 percent of all personal health care expenditures.
The Toolkit includes:
- An overview of problems associated with health literacy as well as studies analyzing their impact.
- Links to reports and news articles explaining and analyzing the issue
- Contact information for leading experts on the issue
Contact: Marilyn Serafini email@example.com 202/789-2300
Produced with support from the Robert Wood Johnson Foundation