Health Insurance Deductibles

A growing share of health insurance plans have high deductibles, so that an individual must spend up to $6,450 before insurance begins to pay for services. What problem(s) are these insurance plans trying to solve?
Answer this question using economic terminology related to health insurance. For what reasons might these plans be successful? In what ways might these plans backfire?

Please Read: Chapter 1, “The Economic Context of Nursing Practice in the United States

Waxman, K. (2022). Financial and Business Management for the Doctor of Nursing Practice (3rd ed.). Springer Publishing LLC. https://reader2.yuzu.com/books/9780826160164