solved Please write a discussion and respond to this 2 peers’

Please write a discussion and respond to this 2 peers’ Discussion PromptsDiscussion:What are the pros and cons to Consumer Driven Health Plans? Provide detailed examples where appropriate.Do you believe Consumer Driven Health Plans are here to stay, and what are the plans of the future?Respond to at least two (2) of your classmates’ or your instructor’s posts. Your responses should include elements such as follow-up questions, a further exploration of topics from the initial post, or requests for further clarification or explanation on some points made.ALL citations and references needs to be APA 7th edition format. THANK YOU!Peer# 1I do believe consumer driven Healthcare plans (CDHPs) are here to stay. “Many healthcare stakeholders see CDHPs as products that create mutual benefits for payer organizations and consumers, because they hold health plans and consumers responsible for efficient use of healthcare services and spending” (Beaton, 2017). Consumers have a choice of high deductibles coupled with tax-advantaged personal health spending accounts (HSAs) to increase consumer accountability for their own health care spending. There is an opportunity for health savings accounts, flexible spending arrangements, health reimbursement, opportunity for employers to offer healthcare benefits, arrangements, and medical savings accounts all bring tax benefits along with them. “Lower premiums, or monthly payments, are the major advantage of CDHPs over traditional benefit plans. According to an analysis from the Health Care Cost Institute, people with CDHPs spent $540 less per year on health care than those with traditional plans” (Athem.com, 2018). There are some disadvantages to CDHPs is that there is a lot of out-of-pocket costs required each year if you use the plan frequently (Smith, 2017). With this type of high deductible expense plan you will have to constantly watching your spending.I do believe thr plan for the future is to continue to allow the consumer to have as much controll as possible when it comes to their healthcare plan and making decisions of what plans will better suite them and their family.Peer# 2Hello everyone, A consumer driven health plan (CDHP) is a health plan that provides information and incentives to encourage enrollees to make wise healthcare choices (Nowicki, 2015). A CDHP is a marriage of a high deductible health plan (HDHP) with a payment account, such as a health savings account (Sazci, 2020). There are many pros and cons to consumer driven plans, as listed below.Pros:If the enrolled individuals are relatively healthy, they save moneyThose under these plans spend less on unnecessary care (Myth vs. Fact, 2008)Put the “power” in hands of those enrolled in the plan (Myth vs. Fact, 2008)Cons:25% lower rate of satisfaction compared to traditional employer-managed plans (Myth vs. Fact, 2008)These plans deter people from necessary care due to the high deductibles (Myth vs. Fact, 2008)Shift more costs to sicker individuals; favor the “wealthy and healthy” (Myth vs. Fact, 2008)I think that consumer driven plans will continue to grow in popularity in coming years. HDHP’s are the only plan type that has grown in terms of enrollment rates across the last decade (Sazci, 2020). Between 2010 and 2018, the number of people enrolled in consumer driven health plans tripled, and today around 30% of workers are covered by these plans (Sazci, 2020). Consumer driven health plans save money, and with the current economic status of the country, I believe that these plans are here to stay.