E.g., Person A is a smoker and a drinker, and clearly puts themself at huge risks for cancer later in life.
Person B, on the other hand, watches their weight, exercises, and does not smoke or drink.
Should Person A and Person B have to pay the same amount for their health care? Why or why not?
Also– if, by law, they can’t do this with health care (determine your risks), why are they allowed to do it with car insurance? Am I comparing apples to oranges, am I not? People who are higher risks must pay higher car insurance (specifically young male drivers), so shouldn’t that also apply to health care?
I was in a car accident recently, my fault, and I totaled my car. The truck I hit has only $175 of damages on it. So how will my insurance company determine how much my insurance will go up? Do they just go on how much damage they have to pay for on the other car? Or do they raise it because I’m not a “safe driver” and I’m now more liable to be in more accidents?
To add to the ever-growing pile of insurance questions… We all know insurers consider things such as driving records (claims, accidents, tickets, etc…), age, characteristics of the area in which the car is parked/garaged, type of car, credit history (I BELIEVE I have named all of the most salient measures). However, other information is also collected such as your education, income level and occupation. Seems to be quite a lot of excess data for an auto insurance company. So, are any of these ever used in determining the cost?
