What Is a Health Insurance Community Rating?
Health insurance arose as a way of shielding people from catastrophic financial loss due to medical expenses and to ensure that people had access to care. By distributing costs equally throughout a community, each member is protected against the financial risks of a serious illness or accident. Critics argue that this principle has been undermined by underwriting, in which insurance companies determine an individual or group’s share of costs based on their perceived risk as opposed to that of the larger community.
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- Since healthcare reform began, what differences (if any) have you noticed in the healthcare you or someone you know has received? What factors do you feel influenced these differences? And, in your opinion, were they positive or negative?
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