Medical savings accounts

Opportunities for cost savings?

Gregory S. Zaric, Jeffrey S Hoch

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

Interest in medical savings accounts (MSAs) as a potential tool to reduce healthcare costs has been widespread. A small number of countries have either implemented or run pilot programs of MSAs, and vigorous policy debates have taken place in several other countries about the potential merits of introducing MSAs as a method of paying for health care. In this paper we develop a model to assess the cost saving potential of MSAs in a publicly funded healthcare system. We assume that the public healthcare payer may choose between reimbursing healthcare expenditures through an MSA or through a form of third-party payer insurance. We use the model to identify the conditions under which MSAs may reduce costs. We illustrate using data on healthcare expenditures from Canada.

Original languageEnglish (US)
Pages (from-to)493-513
Number of pages21
JournalInternational Transactions in Operational Research
Volume13
Issue number6
DOIs
StatePublished - Jan 1 2006
Externally publishedYes

Fingerprint

Costs
Insurance
Health care
Savings
Cost savings
Healthcare
Expenditure
Canada
Health care system
Health care costs

Keywords

  • Health care
  • Health insurance
  • Healthcare reform
  • Medical savings accounts

ASJC Scopus subject areas

  • Business and International Management
  • Computer Science Applications
  • Strategy and Management
  • Management Science and Operations Research
  • Management of Technology and Innovation

Cite this

Medical savings accounts : Opportunities for cost savings? / Zaric, Gregory S.; Hoch, Jeffrey S.

In: International Transactions in Operational Research, Vol. 13, No. 6, 01.01.2006, p. 493-513.

Research output: Contribution to journalArticle

@article{e8b0118ad0054923b1de755a5509bfed,
title = "Medical savings accounts: Opportunities for cost savings?",
abstract = "Interest in medical savings accounts (MSAs) as a potential tool to reduce healthcare costs has been widespread. A small number of countries have either implemented or run pilot programs of MSAs, and vigorous policy debates have taken place in several other countries about the potential merits of introducing MSAs as a method of paying for health care. In this paper we develop a model to assess the cost saving potential of MSAs in a publicly funded healthcare system. We assume that the public healthcare payer may choose between reimbursing healthcare expenditures through an MSA or through a form of third-party payer insurance. We use the model to identify the conditions under which MSAs may reduce costs. We illustrate using data on healthcare expenditures from Canada.",
keywords = "Health care, Health insurance, Healthcare reform, Medical savings accounts",
author = "Zaric, {Gregory S.} and Hoch, {Jeffrey S}",
year = "2006",
month = "1",
day = "1",
doi = "10.1111/j.1475-3995.2006.00560.x",
language = "English (US)",
volume = "13",
pages = "493--513",
journal = "International Transactions in Operational Research",
issn = "0969-6016",
publisher = "Blackwell Publishing",
number = "6",

}

TY - JOUR

T1 - Medical savings accounts

T2 - Opportunities for cost savings?

AU - Zaric, Gregory S.

AU - Hoch, Jeffrey S

PY - 2006/1/1

Y1 - 2006/1/1

N2 - Interest in medical savings accounts (MSAs) as a potential tool to reduce healthcare costs has been widespread. A small number of countries have either implemented or run pilot programs of MSAs, and vigorous policy debates have taken place in several other countries about the potential merits of introducing MSAs as a method of paying for health care. In this paper we develop a model to assess the cost saving potential of MSAs in a publicly funded healthcare system. We assume that the public healthcare payer may choose between reimbursing healthcare expenditures through an MSA or through a form of third-party payer insurance. We use the model to identify the conditions under which MSAs may reduce costs. We illustrate using data on healthcare expenditures from Canada.

AB - Interest in medical savings accounts (MSAs) as a potential tool to reduce healthcare costs has been widespread. A small number of countries have either implemented or run pilot programs of MSAs, and vigorous policy debates have taken place in several other countries about the potential merits of introducing MSAs as a method of paying for health care. In this paper we develop a model to assess the cost saving potential of MSAs in a publicly funded healthcare system. We assume that the public healthcare payer may choose between reimbursing healthcare expenditures through an MSA or through a form of third-party payer insurance. We use the model to identify the conditions under which MSAs may reduce costs. We illustrate using data on healthcare expenditures from Canada.

KW - Health care

KW - Health insurance

KW - Healthcare reform

KW - Medical savings accounts

UR - http://www.scopus.com/inward/record.url?scp=57349142834&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=57349142834&partnerID=8YFLogxK

U2 - 10.1111/j.1475-3995.2006.00560.x

DO - 10.1111/j.1475-3995.2006.00560.x

M3 - Article

VL - 13

SP - 493

EP - 513

JO - International Transactions in Operational Research

JF - International Transactions in Operational Research

SN - 0969-6016

IS - 6

ER -