Studies Show CO Women Pay More For Health Insurance
Studies show women pay up to 50% more than men in health insurance premiums when they buy individual policies in Colorado. It's not just because of maternity coverage:
They pay more even when maternity coverage is not included. And in many cases, a female nonsmoker pays more for health coverage than a man who smokes.
Pending federal health care legislation would change that. What do the insurance companies say?
... the insurance industry warns that lowering premiums for younger women could mean higher premiums for most everyone else.
...Insurance companies probably would have to raise prices on other groups to make up the difference if they were forced to lower prices for younger women, said Tom Gosselin, director of small-group underwriting at Anthem.
From Rebecca Weiss, [Colorado] director of government affairs.
"Shouldn't health insurance premiums be based on some degree on how many medical services you receive so that everyone is paying according to what they are using?"
Insurance companies say it's not just maternity. They say younger women go to the doctor more than men. 11 states already ban gender-rating.
Gender-rating is banned in Colorado for small-group insurance:
Colorado is among several states that have banned gender-rating in the small-group insurance market, which in this state applies to businesses with 50 or fewer employees. For businesses with more than 50 employees, insurance companies can consider age and sex when setting rates — but the risk is spread throughout the company so everyone's premiums are equal.
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