Women’s Health Insurance Rates to Moderate
The health insurance industry agreed yesterday to halt the practice of charging more for health insurance for women. Currently when women purchase individual health insurance are charged higher health insurance rates for the same coverages,especially during the child bearing years.
The move was viewed as a concession to Congress by health insurers in order to head off the democrats desire to form a government health plan that would compete with private health insurance companies across the country.
In a previous concession, health insurers agreed to stop charging higher health insurance rates or declining coverage to sick people if the government would make carrying health insurance coverage mandatory for all Americans.
At the end of the day, even if women are charged less for health insurance coverage, they will likely spread that additional health insurance claim equally across men and women, which will proportionately raise the cost of health insurance for men. Thus, the only women that will save money in that scenario would be single women, which is absolutely fair if they are indeed paying mor than they need to for similar health insurance benefits.
