In the last post (Am I Still A Republican?), I shared a discussion that took place separate from this forum.
I also noted at the end of the comments that I was hoping that Republicans would turn from the past and begin to cast vision for the future.
In an effort to do just that, I followed up with the following, addressed to an actuary in the group:
Can you tell me, mathematically speaking, if it is possible to set up an actuarial system for private insurers based on the following scenario:
- Health Insurance is obtained six months from conception, and can never be canceled as long as premiums payments are made.
- Premiums could be constant, or escalating over time, depending on the choice of the consumer. But the premium obligation, once established at the time the policy is purchased, is known and remains unchanged throughout the life of the policy.
- The maximum lifetime expenditure for any fetus entering the system in 2010 is $1M. This cap for personal responsibility is re-established each year for new fetus’ entering the system.
- Government assumes the risk once this maximum expenditure is reached.
- Premium payments are deductible as straight expenses, not as part of a compensation package, by any company who wishes to offer payment of such premiums as part of a benefit package to a prospective employee.
- Premium payments are deductible from actual taxes owed if paid by the individual.
- Tax credits on actual amounts owed are enacted, capped at 25% of actual tax liability, for contributions made to charities specifically set up to help those who can’t make the premium payments they have obligated themselves to.
If not, what else would need to be defined to make the actuarial calculations possible?
See the following comment string for the discussion that ensued.







