ClubMan said:But neither does community rating.
Harchibald said:There was no choice but to introduce community rating, and that implied risk equalisation - they are two sides of the same coin.
BUPA are being disingenuous with this argument. True, in the short run, RE only protects the VHI and those customers young and old whose inertia prevents them taking up any cheaper offer. Older folk are perfectly free to get the cheapest rates on offer.CCOVICH said:I think that BUPA are arguing that community rating and risk equalisation are mutually exclusive, i.e. they agree with the principle of community rating, but do not believe that it requires risk equalisation to work in practice. Presumably you are disagreeing?
_darag said:If people don't want to pay more as they get older, allow companies to offer (and people to purchase) 25 year policies with the payments spread evenly over the term.
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