"Younger, healthier people pay less."
under my proposal, they could get a discount for good numbers. Many young greasebags would be stuck with 100% premiums.
So everyone pays 100%, but then if you don't have a certain disease (say HIV or diabetes) then you get a slight discount. Then if your cholesterol isn't high, then you get a slight discount. If you don't have cancer, then you get a slight discount. Oh! I know we could even say that if you are 25 or below, you get a discount, if you are between 25 and 35 you get a slightly smaller discount . . .
Is this how you envision this entirely new idea working?
"if you don't have a certain disease (say HIV or diabetes) then you get a slight discount."
why slight? why not aggressive discounts to get people to chase/maintain their numbers?
Type II is almost 100% self-inflicted and curable.
cholesterol is a BigPharma scam.
cancer people can still make their numbers and get a discount, while getting full coverage for their disease.
plenty of sub-30 people are diseased and engage in risky behaviors more than older people. (sports, motorcycles, etc).
Oh I just meant small relative to the total premium. I feel like in this new system that these discounts would be ulative. No Beetus + 24 years old + normal cholesterol = Large discount!
This completely original system could really work. I really wish that something similar was around when I sold health insurance. I'm excited.
"No Beetus + 24 years old + normal cholesterol = Large discount"
take the age out of it.
it would obviously be quite complex to come define and capture the measurements, but it's worth a try.
the basic msg: show us your healthy numbers (we know you're doing your best to avoid health care for yourself), and we reduce your contribution to health care costs (insurance premiums).
Study: Health Reform Saved Consumers $1.5 Billion in 2011
President Barack Obama’s Affordable Care Act (ACA) saved American consumers $1.5 billion on out-of-pocket health insurance premium costs in 2011, a study published Wednesday (PDF) claimed. Despite this, benefits of the law were not applied equally across all health insurance markets, leading the study’s authors to propose that stronger rules are needed.
Most of the savings cited by the report comes from the ACA’s requirement that medical loss ratios (MLR) stay at 80 percent, meaning 80 percent of all premium payments must be spent on actual health care. The goal of the requirement was to get premium costs down, but many of the law’s critics warned that it may not have that effect.
As 2011 was the first full year with the MLR rule in effect, health care advocacy group Commonwealth Fund looked at the annual financial reports of more than 2,000 insurance companies across the country, including a large proportion of organizations selling to policies to individual consumers. The study discovered that the MLR regulation forced insurers to pay $1.1 billion in rebates to their customers in 2011, while reducing their administrative costs by about $350 million to get profits within the approved range.
The biggest consumer benefits were seen in the individual market, where companies cut their overhead costs by about $66 per member, for a total of about $560 million in savings. An additional $394 million was sent back to customers who the law says overpaid on their premiums. Only one state, Rhode Island, saw an increase in administrative costs, while 39 states saw insurance companies slimming down and becoming more efficient in order to retain as much of their profits as possible.
Read more: http://www.rawstory.com/rs/2012/12/0...illion-in-2011
boutons' argument is ed and un able
"39 states saw insurance companies slimming down and becoming more efficient in order to retain as much of their profits as possible."
Profits first, patients whenever.
imagine how many $Ts the USA could save if a govt/public insurance company existed to provide as much coverage as possible BUT NO PROFITS paid for by citizens.
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