Can Your Fitness Tracker Save You Money on Health Insurance?
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The Doctors discuss how some insurance companies are offering discounts if you wear a fitness tracker, but is sharing this type of data with your insurance company a good thing or a bad thing?
The panel likes the idea of patients saving money on their insurance, but they note the sharing for this data does not fall under any regulation and patients could possibly be punished for being inactive.
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They also note this system penalizes people who cannot afford a fitness tracker and would only be beneficial for those who can buy one and they question why people with more financial means are being rewarded.
“The people who need it the most are going to be discriminated against,” Dr. Sonia Batra notes. Dr. Travis Stork feels financial incentives can oftentimes be a great motivator for people and feels it may cause people to make better health choices.
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Would you wear a fitness tracker and share the data with your insurance company in order to save money or are you worried that this type of data might be used against you?
