The ACA requires insurers to hare the same premium to all applicants of the same age and geographic location regardless of preexisting conditions or sex. Compared to insurance not Witten subject to these restrictions, the premiums for the ACA compliant policies can be expected to be
A. Unable to determine B. The same C. Lower D. Higher
Solution: Higher
Explanation: The ACA requires insurers should be offered the same premium price to all applicants of the similar age and geographical location. In absence of any mandate the premiums for the ACA compliant policies are likely to increase as age groups susceptible to more health concerns will be charged a higher premium
The ACA requires insurers to hare the same premium to all applicants of the same age...
Answer critical analysis questions.
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Assume you are asked as part of an audit of GE's insurance
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