Let's get something straight. The 'idea' there are older Americans within The Patient Protection and Affordable Care Act INSURANCE POOLS is a LIE.
There are no elderly in insurance pools in the USA.
The insurance pools provided through The Patient Protection and Affordable Care Act are ALL YOUNGER AMERICANS.
The oldest American in ANY insurance pool in the USA is 64 years old.
The age bracket of this law is 18 years to 64 years old. THERE IS NO ELDERLY.
The elderly are covered by Medicare. Medicare is a government insurance program. Those enrolled in Medicare are not part of the private insurance pools.
There are basically three insurance rates in any health insurance pool.
Ages 18-29 - Which is the base rate.
Ages 30-49 - The base rate plus the base rate.
Ages 50-64 - The rate of the 30-49 year old group plus base rate.
The younger group is NOT subsidizing the older group. They are all paying their own ratings. They are all pulling their own weight.
Those three rates are a very simple explanation. Within those age groups can be sliding scales for each age. I am quite confident the equations used by insurers and state regulators are not that simple. But, there is no one paying for anyone else. Everyone is paying their own rate.
Questions?
Health insurance premiums are a reflection of the underlying costs of care. When the cost of medical services such as doctor visits, hospital stays, and medical devices increases, these costs drive a corresponding increase in premiums. Federal government data show that over the past 20 years health benefit costs (i.e. how much the nation has spent on medical procedures, treatments, doctors’ visits, etc.) have increased by an average of 7.2 percent annually and premium increases have averaged 7.1 percent annually. These data demonstrate that health care costs and premiums go hand-in-hand.
This information is provided by AHIP. They state they use federal government data to derive their information to base their statements. This is all math, not voodoo. This is all measurable.
America’s Health Insurance Plans (AHIP) is the national trade association representing the health insurance industry. AHIP’s members provide health and supplemental benefits to more than 200 million Americans through employer-sponsored coverage, the individual insurance market, and public programs such as Medicare and Medicaid. AHIP advocates for public policies that expand access to affordable health care coverage to all Americans through a competitive marketplace that fosters choice, quality and innovation.
There are no elderly in insurance pools in the USA.
The insurance pools provided through The Patient Protection and Affordable Care Act are ALL YOUNGER AMERICANS.
The oldest American in ANY insurance pool in the USA is 64 years old.
The age bracket of this law is 18 years to 64 years old. THERE IS NO ELDERLY.
The elderly are covered by Medicare. Medicare is a government insurance program. Those enrolled in Medicare are not part of the private insurance pools.
There are basically three insurance rates in any health insurance pool.
Ages 18-29 - Which is the base rate.
Ages 30-49 - The base rate plus the base rate.
Ages 50-64 - The rate of the 30-49 year old group plus base rate.
The younger group is NOT subsidizing the older group. They are all paying their own ratings. They are all pulling their own weight.
Those three rates are a very simple explanation. Within those age groups can be sliding scales for each age. I am quite confident the equations used by insurers and state regulators are not that simple. But, there is no one paying for anyone else. Everyone is paying their own rate.
Health insurance premiums are a reflection of the underlying costs of care. When the cost of medical services such as doctor visits, hospital stays, and medical devices increases, these costs drive a corresponding increase in premiums. Federal government data show that over the past 20 years health benefit costs (i.e. how much the nation has spent on medical procedures, treatments, doctors’ visits, etc.) have increased by an average of 7.2 percent annually and premium increases have averaged 7.1 percent annually. These data demonstrate that health care costs and premiums go hand-in-hand.
This information is provided by AHIP. They state they use federal government data to derive their information to base their statements. This is all math, not voodoo. This is all measurable.
America’s Health Insurance Plans (AHIP) is the national trade association representing the health insurance industry. AHIP’s members provide health and supplemental benefits to more than 200 million Americans through employer-sponsored coverage, the individual insurance market, and public programs such as Medicare and Medicaid. AHIP advocates for public policies that expand access to affordable health care coverage to all Americans through a competitive marketplace that fosters choice, quality and innovation.
