Now should people with preexisting conditions pay more premiums?
John Goodman and Douglas M. MacIntyre. That is a controversy between the economist and the non-economist; the way the economist and the non-economist view prices, how price determines the allocation of resource and how individual behave when it comes to buying insurance. Goodman states there are consequences for price changes that affects both the insurer and the consumer. Advocates of "actuarial fairness" went beyond the arguments of business necessity and economic efficiency arguing as a matter of policy that the cost of and access to coverage must link to an insured's risk class giving examples to homeowners, life, and other forms of insurance. And that there should be a community rating for health insurance companies; the aged and individuals with pre-existing conditions must pay more. Giving these reasons, they explain that:
*The younger, healthier people would be priced out of the health insurance market, destabilizing risk pools and driving premiums higher for everyone; insurance companies would stay…show more content… *Moreover, the creation of the high-risk pool would help millions of Americans including the healthy, the young, the sick and the old access to affordable health coverage.
*That would assist the couple with across-state purchasing of policies and tax equity for those without employer-based insurance, could end the problems associated with pre-existing conditions and give Americans full control of their healthcare (Shadegg Jonh).
*Forgetting that that would create the fear in insurance plans that is covering, providing, or improving specific services and attracting higher-risks pools, and may limit coverage for needed services to people with preexisting conditions more than it may hunt of cost
