Starting next year, the Affordable Care Act will severely weaken the link between health insurance premiums and age-related risks. Health insurance companies won’t be allowed to charge older people any more than three times what they charge younger people for premiums. This is bad news for the young.
Preventing health insurers from fully accounting for age will not change the reality that, in general, the older you are, the greater your medical expenses (six times greater, when you compare 64-year-olds to 18-year-olds). These are costs that someone has to pay.
If I was a young person, I’d click on the link! If I was an “old” person, I’d hope the young invicibles did NOT click on the link!
Here’s the conclusion but you’re missing the meat and potatoes…
The health law’s age-related rate restriction milks the hard-earned income of young people—those just starting out in life—for the sake of those older, sacrificing in the process a young person’s own goals and dreams. If they were honest, supporters of the law would admit this openly, instead of adding insult to injury by calling their immoral scheme a benefit to the young.
Oh and thanks for supporting my social security too.