"ObamaCare institutes several types of price controls on insurance premiums. The elimination of gender-based ratings forces young men to subsidize the substantially higher claims of young women, ending claims-based differentials of up to 70 percent under age 40. The 3:1 age rating limit requires younger people to subsidize older people, ending the roughly 6:1 rating that was based on actual costs. The elimination of health status as a rating factor forces those in good health to subsidize those in poor health, whether or not good health is due to self-control or lucky genetics." John Goodman, National Center for Policy Analysis.
Tuesday, May 28, 2013
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2 comments:
Well that will be a switch from the current practice of females paying more than males for less services.
Insurance in the past has offered a better deal to those who use less of the service. Young men have traditionally paid more for auto insurance but less for health insurance. Of course, insurance used to be for major problems, surgeries and diseases, not for check ups.
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