YEsh, they'll both raise your rates for not submitting this data and raise your rates for being in the cohert that's susceptible; they'll also raise everyone elses rates for having to recalculate the tables!
GINA prohibits genetic discrimination in pricing common health care insurance, but not for products like life insurance, disability insurance, or even long-term care insurance. Some states have statutes that address the latter types of insurance, though.
Life insurance is mostly a useless financial product, and obviously the law wouldn't mandate selling life insurance to people who are likely to die early. That would create such a crazy perverse incentive.
why would I agree to that when I'm not at risk of that? (Assume for discussion I have had this tested - whatever it is). I have my own life and like everyone more things (including vacation...) I want to spend it money on than I have money.
Some of us think that a key aspect of society is that we take care of each other. If something terrible happens to you before you manage to amass a fortune, it’s nice to live in a society that won’t leave your family destitute.
True, but reductio ad absurdum is a good way to make any argument look silly without actually considering nuance. Of course, there's some limit to what society will do to save an individual. If someone is lost at sea, we'll try to save them, but we won't spend $1T rerouting all of our available naval capabilities to do it. How much should we spend? The math isn't clear, and thus the economics aren't clear. But, where we should fall is somewhere on a gradient between "Every man for himself" and "Save every individual at all costs."
The question is, where do we fall on that gradient?
Some of us don't like paying for other people who make objectively bad decisions that cause them to need to be bailed out in some way.
There's nothing wrong with taking care of others, but there has to be limits. Hopefully the limits are designed in ways that encourage objectively good choices and discourage objectively bad ones.
Things are not that simple. Spending money on the toys/experiences I want also increases my community. As does investing in the future. Helping the poor does increase society as well, but it isn't clear which investment helps society the most (there is no one correct answer).
