Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
I have no idea what you are talking about. Do you?

I'm talking about "rate suckers". For auto, it's defined as "bad drivers" who make auto insurance more expensive for everyone else.

Some have estimated that 70-90% of our health care costs are due to life style choices -- in a single-payer system, they would be the "rate suckers" that make health insurance more expensive for everyone else. Things like:

-- Smoking
-- Improper Diet
-- Lack of Exercise
-- Improper/excessive recreational drug use
-- Unsafe sex
-- Not using seat belts or motorcycle helmets

Etc. Etc.

One advantage to a risk-based insurance plan is that policy holders contribute premiums to the group at the same rate that they contribute risk to the group.

Why should those that live a low risk lifestyle subsidize those that CHOOSE to live a high risk lifestyle?
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement