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No, it sounds like it's a welfare program. If it were insurance, it would charge proportional to the expected cost of serving the relevant demographic group. Bu
by glenra 13y ago
No, it sounds like it's a welfare program. If it were insurance, it would charge proportional to the expected cost of serving the relevant demographic group. But due to the "community rating" provisions, charging actuarially appropriate rates is illegal, so instead we're charging rates that are pretty much guaranteed to make health care even more expensive than it was before.
- jrs235 13y agoI've heard the car insurance analogies which don't work very well. Perhaps a life insurance analogy would work better... Now everyone can apply and get life insurance regardless of preexisting/current conditions. To make it affordable the young and healthy will pay more than the statistical probabilities that they will die tomorrow. The elder will pay less. How is this sustainable except through ever drastically increasing premiums?