Quote:
Originally Posted by Kristy
Not a legit gripe.
You're supposed to be insured from birth to death. Your overpayment is covered under veil of ignorance, no?
Well it's impossible to come up with a perfect actuarial table because there are too many variables, so there is a certain veil of ignorance sure.
But say you have two identical people. Wisski and Rum. Both work at company A. The company offers three plans; a family plan, a spouse and a single plan.
Taking the numbers from my plan the family plan costs $221 per pay period, the spouse plan costs $158 per pay per and the single costs $54 per pay period.
Wisski is a single bro so he pays $54ppp; while the true cost of coverage if he had to provide it via an open market exchange is $200ppp so Wisski's employer is subsidizing $150ppp. Rum has a wife and 4 children so he got the family plan at $221ppp, but if he had to find equivalent coverage on the open market that would cost him $800ppp so the employer is subsidizing $579ppp for Rum. Rum's compensation is $358 more per pay period than Wisski's for no reason other than that Rum is married with children while Wisski is not.
This sort of thing crops up all the time. Young subsidize the old. Thins subsidize the fats. Healthy subsidize the chronically ill.