FOR IMMEDIATE RELEASE:
February 6, 2013
AARP: Proposal to Increase Age Rating is a Step Backward
WASHINGTON, D.C. – AARP Executive Vice President Nancy LeaMond today released the following statement in response to newly proposed legislation – the Letting Insurance Benefit Everyone Regardless of Their Youth (LIBERTY) Act – to allow discriminatory and exorbitant health insurance premiums to be charged to seniors.“This proposal is a huge step backward in making health insurance affordable for all Americans. The Affordable Care Act limited how health insurers would be allowed to vary premiums based on age, ensuring that insurance companies stop the discriminatory practice of charging exorbitant premiums to older Americans.
“How age is used to set health insurance premiums is a critical aspect of health insurance affordability. This proposed legislation would allow insurance companies to charge older Americans five times higher premiums or whatever rate a state sets – the Affordable Care Act capped the number at three times – but to do so would put the cost of health insurance for America’s 50-to-64 year-olds at an astronomic level.
“It’s already more expensive for Americans age 50 to 64 to obtain health insurance. A recent analysis showed that one in three adults in this age group live in families that spent at least 10 percent of their after-tax income in comparison with only 18 percent of adults age 19 to 49.
“Any discrimination in private insurance – whether based on a person’s age, gender, ethnicity or medical history – is harmful to all Americans.”
AARP is a nonprofit, nonpartisan organization, with a membership of more than 37 million, that helps people 50+ have independence, choice and control in ways that are beneficial to them and society as a whole. AARP does not endorse candidates for public office or make contributions to either political campaigns or candidates. We produce AARP The Magazine, the definitive voice for Americans 50+ and the world's largest-circulation magazine; AARP Bulletin, the go-to news source for the 50+ audience; AARP VIVA, a bilingual lifestyle multimedia platform addressing the interests and needs of Hispanic Americans; and national television and radio programming including My Generation and Inside E Street. The AARP Foundation is an affiliated charity that provides security, protection, and empowerment to older persons in need with support from thousands of volunteers, donors, and sponsors. AARP has staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Learn more at www.aarp.org.