I was listening to the news on the radio and heard a commercial from the AARP about proposed repeal and replace changes in the American Health Care Act that will allow health insurers to charge older Americans up to 5 times more than younger Americans for health insurance. The bill is referred to as the State Age Rating Flexibility Act of 2017. In the words of the AARP, this is an unfair age tax. I do not want to misrepresent the position of the AARP, an organization that helps millions[...]
I can still remember being little, losing a tooth and being amazed that a quarter (showing my age) found its' way under my pillow by the time I woke up. Of course, it is only something we believe for a few years before we realize mom or dad funded the quarter. Even reaching that realization and loss of innocence provides great value in that we learned that every benefit had to be funded somehow.
Due to our presence in the Population Health Analytics space, I often get asked about what we should do about the Affordable Care Act ("ACA") and the declining choices at greatly escalating rates. As ACA open enrollment starts this week, I've been thinking a lot about this question, and I think it's timely to consider some solutions today. I look at a lot of data, so a couple of simple observations first. Health insurance isn't that complicated. Add up total claims on a population and[...]