How much do you pay for health insurance? 49% of Americans don’t know

Recently, Connecture, a Chrysalis portfolio company, released the results of a survey of 1,285 Americans designed to gauge their views on health insurance and how it is purchased.

The results were surprising:

  • More than two-thirds of Americans don’t know what a health insurance exchange is and;

  • Nearly half of Americans don’t know how much their household pays for health insurance.

If the U.S. is going to reduce the over $2 trillion spent on healthcare annually, we’re going to need to become consumers of healthcare — not patients.  This was clear in Connecture’s survey results — Americans need to understand their options when it comes to health insurance and purchase accordingly.

Connecture is doing this.  The company helps states build an online platform that is easy to navigate and transparent when shopping for health insurance.  Connecture has built an online platform for health insurance purchase, like Orbitz or Travelocity has built for travel.

At Chrysalis we believe health insurance exchanges will drive down the growing cost of health insurance delivery and force Americans to become “consumers of health insurance”.  This is a good thing.  Providing Americans with options and transparency when purchasing health insurance will require patience and a “behavior shift”, but a shift that will be better in the long-term for everyone.

The complete survey results can be found here.