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Click here to read letter to Senators Baucus
and Grassley
Letter to
Senators explains dangers of charging more
for insurance based on Age
Last Friday, the Leadership Council of Aging
Organizations (LCAO), a broad coalition of
aging organizations chaired by the Alliance,
sent a letter to Senate Finance Committee
Chair
Max Baucus
(D-MT) and ranking member
Charles
Grassley (R-IA) regarding
the committee's proposal to reform insurance
market rating rules.
LCAO, a coalition of 60 national
not-for-profit organizations concerned with
the well-being of America's 87 million
people over age 50, voiced its concerns that
the Finance Committee's proposal would allow
insurance companies to charge older
Americans up to 5 times what they charge
younger citizens for coverage.
The letter stated that such a policy will
result in many older Americans not having
access to affordable, quality coverage, and
that older adults are already much more
likely to spend a significant portion of
their income on health care.
"One result of lack of insurance or of
being uninsured for older adults is that
they may be deferring care until they are
eligible for Medicare, which can lead to
more serious health problems and higher
costs for Medicare later," said
Edward F. Coyle, Executive Director of the Alliance.
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