Center for American Progress

Why the Savings from Health Care Reform Are Underappreciated
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Why the Savings from Health Care Reform Are Underappreciated

The lack of a whole-hearted, landslide, public embrace of health reform is surprising considering that unless your family earns over $250,000, reform costs you nothing and, the president's health care plan, if enacted, is estimated to increase the income of the average family of four by about $10,000 in 2030.

The lack of a whole-hearted, landslide, public embrace of health reform is surprising considering that unless your family earns over $250,000, reform costs you nothing and, the president’s health care plan, if enacted, is estimated to increase the income of the average family of four by about $10,000 in 2030.

One part of the explanation for public reluctance to embrace reform may be explained by behavioral economics. Behavioral economists have found that people in most situations:

  • Undervalue future money and overvalue money now
  • Focus on losses over gains
  • Prefer the status quo over change

How does this play out in health care? Let’s consider each of these behavioral factors in turn.

Read more here.

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