Such a change would significantly increase financial burdens on millions of older adults, but the shift in costs would do little to get more young consumers to enroll.
Key points to consider include: Significantly increasing premiums for older adults would only marginally lower costs for younger adults.
The Joint Economic Committee paper incorrectly claims that weakening the limit on age rating to a 5-to-1 ratio would not penalize any age group.
The burden of such a policy change would actually fall heavily on older adults, according to Milliman research commissioned by AARP.
En español | Seeking to justify large increases in premiums for older adults under the proposed American Health Care Act (AHCA), the Republican staff of the Joint Economic Committee released a short paper last month entitled “The Myth of the Senior Tax.” But the paper fails to grasp the severe consequences of weakening the current law that prevents insurers from charging older consumers more than three times what younger people pay.
The AHCA would raise that limit: Premiums for older people could jump to five times the amount insurers charge younger consumers, from the limit of three times the younger consumers’ rate under the current law, the Affordable Care Act (ACA).
Jeremy Corbyn has suggested that Labour’s £10 an hour living wage pledge would also apply to 16-year-old workers, signalling a major rise on the current rates.
The Republican staff paper mischaracterizes Maine’s experience with age rating.
In response, Mr Corbyn said: “You’re absolutely right.
“Yes, the £10 an hour living wage, real living wage, is correct and also should apply to all workers, because I don’t think young people eat less than old people - that’s my experience anyway.” Other groups as well as under-18s do not have to be paid the current living wage.
"I designed it for career-oriented, busy, professional women," Amanda Bradford says as she looks down at a device in her palm.
But instead of an alarm clock that rattles off to-do list items or a hybrid baby monitor/conference call speaker, the 29-year-old's clutching her i Phone and swiping through a prototype of The League, her dating app that launches today.