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Obamacare unfair to young people?

Posted by zazenducke on June 29, 2012, at 16:31:03

In reply to Re: It's not fair that you have a 500,000 property, posted by zazenducke on June 29, 2012, at 16:11:46

Obamacare forces insurers to charge their eldest beneficiaries no more than 3 times what they charge their youngest ones: a policy known as community rating. This, despite the fact that these older beneficiaries typically have six times the health expenditures that younger people face. The net effect of this community rating provision is the redistribution of insurance costs from the old to the young.

According to my sources, this was a favor that Democrats did for the AARP, which was advocating for its older members. Democrats were happy to help out their ally, whose members are active at the voting booth, compared to younger Americans, who vote less often. The AARP actually wanted Obamacare to have a community rating ratio of 2:1that is, insurers could charge their eldest beneficiaries only twice what they charged their youngest. But they had to settle for 3:1.

It also mentions how estimates of how much insurance premiums will go up are increasing (surprise surprise) and that will also effect young people who are just starting out more than more established people.




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