Question

Outline the insurance market rules and rating factors and how HIPAA impacts the rating factors. Although we've visited this discussion earlier, let's take a deeper diive. Why do you suppose the original laws governing ACA were structured to have higher premiums for young adults?

Answer 1

Answer: The insurance company that provides less premiums have low facilities where as high premium includes better facilities in healthcare and covers many of the major healthcare expenses. The HIPAA impacts the rating factors as it consists of set of rules which provides better facilities for the people.

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