10 Feb
Posted by small business management consultant as Medical Business
Apparently, many are, according to this recent article in the ny times:
“WASHINGTON — Striking new evidence has emerged of a widespread gap in the cost of health insurance, as women pay much more than men of the same age for individual insurance policies providing identical coverage, according to new data from insurance companies and online brokers.”
the article goes on to state:
“Insurers say they have a sound reason for charging different premiums: Women ages 19 to 55 tend to cost more than men because they typically use more health care, especially in the childbearing years.
But women still pay more than men for insurance that does not cover maternity care. In the individual market, maternity coverage may be offered as an optional benefit, or rider, for a hefty additional premium.”
further:
“In general, insurers say, they charge women more than men of the same age because claims experience shows that women use more health care services. They are more likely to visit doctors, to get regular checkups, to take prescription medications and to have certain chronic illnesses.”
the full article can be found here:http://www.nytimes.com/2008/10/30/us/30i…
Should Women have to pay more for Healthcare Insurance than Men?
8 Responses
Vlad Tepes
February 10th, 2010 at 11:15 am
1Absolutely not! Women make less money than men, first of all. Second, health care needs to be nationalized because premium costs are getting out of hands. I know that thought terrorizes some people, but until they see how expensive it is they wouldn’t understand. Just because the U.S. has the highest standard of living, that doesn’t mean we have the greatest quality of life. There’s a difference between the two.
Untamed Rose
February 10th, 2010 at 3:52 pm
2Well we use it more, we have more things that can go wrong, then add in pregnancy……..women are more expensive simple as that.
Men pay more for car insurance
poor pay more for life insurance
low credit folks pay more for everything.
Its all based on risk, and cost.
Jay
February 10th, 2010 at 7:07 pm
3Only if a 65 year old shouldn’t pay more for term life insurance than a 25 year old. The cost of health, life, home, and auto insurances are all based on decades of actuarial data.
Blue B
February 11th, 2010 at 12:00 am
4And men don’t like going to the doctor and facing up to their medical issues like women. Men need to get regular checkups. It’s not fair to slug women just because they look after their health better than men.
(insert witty screename)
February 11th, 2010 at 6:55 am
5No because you can’t predict who is going to get ill. Also it wouldn’t be fair for people like me who aren’t going to have kids.
♥The Mrs.♥
February 11th, 2010 at 10:34 am
6In an ideal world, no. Just as men shouldnt pay more for car insurance.
Super Ruper
February 11th, 2010 at 4:14 pm
7If its insurance – then yes. The basics of the insurance industry state that anyone drawing from a plan will see an increase in their premiums.
We see stereotyping in the premiums with young male drivers – they are seen as a group ‘typically’ more inclined to reckless driving and accidents. So, it would only be equitable if premiums were higher for the group who ‘typically’ uses more healthcare. If that happens to be women, it is not sexim…it is merely the practice of a business that has long been taking financial advantage of those who use the system more…
Molly B
February 11th, 2010 at 8:43 pm
8Insurance works on probable or possible scenarios….risk, if you will. We are more likely to use the insurance frequently and our care and treatment is more costly.
A woman is more likely to get pregnant than a man so our premium will reflect the possibility. Pre-natal care and delivery are costly and it would be silly to charge men more for a scenario that is improbable or even impossible.
There are other health Disparities between Women and Men.
‘Women, says the KFF, have more complex health needs than men. In addition to pregnancy and related reproductive health needs, women also have a higher incidence of chronic illness for which they need ongoing medical treatment (38 percent of women versus 30 percent of men). Women are also at a much greater risk for maladies such as osteoporosis and autoimmune diseases like lupus, multiple sclerosis and rheumatoid arthritis—all of which require ongoing treatment.’
In addition, women tend to live longer and therefore use more health care services throughout their lives.
Auto insurance companies use the same principles (probability and risk) when determining auto insurance premiums. I don’t want to pay a higher auto insurance premium to cover drivers who make more claims and I don’t expect others to cover my costs.
It makes perfect sense to me.
Health care is not gender neutral and it shouldn’t be (it couldn’t be lol).
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