This paper discusses the ways that age-rated premiums, risk adjustment, and risk sharing can be used to ensure that individuals have open access to health insurance and that plans are compensated fairly for the costs of insuring both sick and healthy individuals, while encouraging plans to manage costs efficiently. The paper finds that age-rated premiums are expensive for older individuals, and that risk adjustment and risk sharing are effective at discouraging risk selection of healthier individuals while protecting insurers from large financial losses.
Despite the stereotype that being in love is for the young, a majority of Americans across all ages say that they are currently at least somewhat in love, according to this study, which was conducted to help inform an article in the January/February 2010 issue of AARP The Magazine.
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Source: Caregiving in the U.S., November 2009