Premiums Unveiled For Health Overhaul Plans

[Orruar]

Originally Posted by Tiddlywinks [You must be logged in to view images. Log in or Register.]

Also, you can't really just look at the small subset of age brackets when discussing health costs per year. Of course younger people are on average going to spend far less than the elderly. Part of the way that insurance is set up is so that the unused Premiums of people such as yourself are used to cover the woman with breast cancer. You are not paying ONLY for directly what you will benefit from, that's not how insurance works. That's what savings accounts are for.

Actually, that's exactly how insurance works in every other type of insurance. And it's how insurance would work with health insurance if not for regulations. Older folks get to pay far less on car insurance because they are less likely to have an accident. Older folks also have to pay a lot more on life insurance because it's more likely that they will die. For any insurance, any one person needs to pay exactly what their risk is at that point in time. Our health insurance is structured the way it is because old folks voted in people who told them that they'd force young people to subsidize their health care.