But under an Obamacare replacement proposal, the allowed ratio would increase to 5-to-1, which is causing concern, especially among seniors who could face increased insurance costs.
"To change the ratio from three-to-one to five-to-one would be a disaster for
The proposed replacement, however, allows states to set rules on how much insurers can charge customers of different ages. Wednesday, the insurance committee will vote on a proposal to do just that.
Under the current setup, a 21-year-old in
The Obamacare replacement would lower the payment for the younger policy holder to
While Scanlon acknowledges that changing the ratio lowers premiums for younger customers, older customers are the ones more likely to need health care.
Scanlon, a Democrat who represents
Scanlon said he doesn't know if the bill will get bipartisan support. He said he'd spoken to Insurance Commissioner
The costs are expected to rise, according to the
Keeping the age rating stable, according to the CBO, would protect people over 60 from an increase of about
Galvin declined to comment Tuesday on the bill in the legislature, instead saying the company is "watching carefully to see if
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