|Health Literacy Month
Low health literacy is estimated to cost the United States between $106 billion and $238 billion annually. This cost comes from things like consumers not knowing which health care options are best for them, overspending on procedures and underspending on insurance. For instance, a health literate individual with a chronic condition might opt for pricier insurance with a lower deductible. Comparatively, someone in the same position who chooses a lower-value plan risks paying more in medical expenses.
A large part of the health literacy problem comes from unclear plan outlines. Consumers get confused by their benefits’ complicated explanations. Health Literacy Month promotes the importance of understandable health information. With more accessible health descriptions, written in plain language, consumers will ideally be able to make wiser health care decisions.