Democrats wanted to limit how much young healthy people would pay, so they made it illegal for there to be too much price differential between the oldest and youngest customers’ prices.
Of course, in reality this will raise the rates youngsters pay.
Quinn’s first law: Liberalism always achieves the exact opposite of its stated intent.
The whole notion of not paying more for a pre-existing condition is oxymoronic. Insurance was originally designed to help people pay for a future event, not to fund an existing one. Try calling GEICO to get collision insurance after you’ve been in a wreck. Or have your spouse call MetLife and see about getting some life insurance for you after you’ve kicked the bucket.
I think they set the max as 3 times the minimum.
So if mine was 200 and the oldest was 1,000, now mine goes to 350 for a 75% increase.