Drumstick wrote:OrangeRakoon wrote:Drumstick wrote:The thing I will never understand about America is why it detests the idea of (cheaper) health coverage for all citizens so much. Like why do they want to actually pay through the nose for it all and deepen the pockets of the insurance companies.
Under the ACA it wasn't cheaper for all citizens - it put up premiums for a lot of younger, healthy people. Which as I understand it is why a lot of people objected to that implementation.
But yes, agree with the general sentiment!
I would like to know how much the premiums of young people actually rose by. Are premiums for the elderly in general more expensive/cheaper than for young folk?
Presumably yeah - they're more risk, so higher premiums
That's the whole point of insurance in general - everyone pays into the same pool (different amounts based on risk), those that need to then take out what they need (regardless of what they paid in, what risk they were viewed as)
It's all about sharing costs amongs.
If "the pool" is now bigger due to increased numbers, you might need more healthy people or for them to put in slightly more.