4 ms·
> but the fact that insurance companies can discriminate based on this data means that the healthy don't end up subsidising the unhealthy (which is the whole po
by eric-hu 8y ago
> but the fact that insurance companies can discriminate based on this data means that the healthy don't end up subsidising the unhealthy (which is the whole point of insurance).
I agree with your premise about the point of insurance. How is the discussed idea any different than insurance companies giving different rates to older people and denying coverage for pre existing conditions, in terms of discrimination against the non healthy?
- foepys 8y agoThese are so American problems... It already reads like a dystopia.
- lotsofpulp 8y agoIt’s not different, but denying coverage for pre existing conditions is illegal in the US. Also, there is a limit to the ratio between the highest premium and lowest premium in the insurance pool, along with out of pocket maximums so you will still end up with the healthy subsidizing the unhealthy. Incentives to make people healthier should not be a problem with these constraints (max premium rations and guaranteed coverage for everyone). It’s no different than offering a lower car insurance premium to someone that doesn’t drive drunk.