Quote:
insurers cannot deny coverage or charge higher
premiums to people because they are sick or have been ill.
They also cannot charge women more than men
The rules limit insurers’ ability to charge higher premiums based on age
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On the face this seems great, but in reality, those who were paying less will be paying more to compensate.
Women historically paid more because they used more. Maternity coverage, for example.
Those who are sick used it more also when compared to those who were not. And also older people typically had more AND more expensive treatments than their younger healthier counterparts.
The gross cost will remain the same, now those who were healthier will pay more to compensate for the lost premiums because of this.
Its like car insurance - Should the person with 5 accidents and 2 DUI's pay the same as the person with a clean record?