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Probably because your company can negotiate and control the population characteristics (unlike the exchange). Or is self-insured, meaning they aren’t profit mot
by lettergram 4y ago
Probably because your company can negotiate and control the population characteristics (unlike the exchange). Or is self-insured, meaning they aren’t profit motivated.
Insurance on average is always more expensive than not having insurance on average. The question is given that risk, how much of a premium can / will insurance companies take. Turns out they like high profits and low risk.
- akomtu 4y agoAre health insurance companies allowed to discriminate customers by their health status, that includes age? With a good deal of populace morbidly obese and not even bothering to exercise, it's expected that healthy 25 yo are going to pay crazy insurance payments. Corps, on the other hand, absolutely do discriminate by all sorts of characteristics and insurers know what they are signing up for. Offer health insurance tiers by age and BMI and watch premiums getting reasonable again (for some).
- lotsofpulp 4y agoNo. Per the Affordable Care Act, since 2010 health insurance companies can only price insurance based on age, smoking status, and location. And they must offer insurance to all. https://www.healthcare.gov/how-plans-set-your-premiums/ https://www.healthcare.gov/how-plans-set-your-premiums/
- DaveExeter 4y ago> Offer health insurance tiers by age and BMI and watch premiums getting reasonable again That's not the way health insurance works. The way it works it that the young and healthy are overcharged and that overcharge is given to the old and unhealthy.