HHS Secretary On Premium Hikes For The Older: ‘Somebody’s Going To Pay’
The secretary of Health and Human Services dismissed concerns about older, sicker people paying much more for health insurance under Republicans’ plan on Friday, saying “somebody’s going to pay for health coverage for the American people, and the question is how do you do that.”
In an interview with “Fox & Friends,” HHS Secretary Tom Price was asked about part of Republicans’ bill that widens the possible ratio of premium prices between young and old people from 3:1 to 5:1, allowing insurers to charge older people more.
“That’s going in the wrong direction,” Steve Doocy said.
“Well, it’s pricing for what individuals’ health status is, and that’s important to appreciate,” Price said. “Somebody’s going to pay for health coverage for the American people, and the question is how do you do that. And right now, what we’re seeing is that the current plan doesn’t work, because you’ve got 20 million individuals out there who’ve said, ‘Nonsense, I’m not even going to participate in this process.’” Read full story