How much more should insurers be allowed to charge older people than younger people?
So far, health care reform legislation in Congress has included language to allow insurers to charge older people twice as much as their younger counterparts. While that would lower premiums for people at, say, 60, whose medical costs might be higher, it would raise premiums for the younger, generally healthier, generation.
But legislators have given some consideration to allowing insurers to charge older people five times as much as younger people, which more closely resembles the differential today.
Which makes more sense, and how important is this distinction? Is age rating even something the government should regulate?