[ Insurers can charge older customers five times as much as young adults ]
WTF???
Yeah. I noticed that too. They’re really sticking it to older people aren’t they.
Common cap..no more than x times over youth rate
Everyone is FORCED onto Medicare 65 but then your supplemental insurance could be astronomical!!!! If RYAN gets his way Medicare will be cut and your supplemental WILL be responsible for more of the costs!!!
“Insurers can charge older customers five times as much as young adults”
I believe that’s a feature of Obamacare that they are keeping.
Healthy young adults will either pay little or stay out. Many only buy health insurance when they get sick. Unintended consequence of the preexisting condition clause.
It's called underwriting.
Older clients (60-65) have more money and make more claims than younger more healthy families, it should cost more. Carriers need as many young insured as possible to keep overall premiums down.
Of course none of it should cost anywhere near what does now.
As a real world example. young male drivers are charged higher rates on car insurance.
Obamacare caps it at 3x.
So I guess I can take my current full price policy and multiply it by 5/3.
Sucks anyway I look at it.
>>[ Insurers can charge older customers five times as much as young adults ]
WTF???<<
So you think a 19 year old should pay as much for an individual health insurance policy as a 60 year old then?