Claims-Based Pricing of Premiums is a Temporary Measure to a Larger Problem

Claims-based pricing is inevitable, if insurers are to make a healthy return.  Otherwise there is no point in having these policies, or they would only be available to the very wealthy.  This is an issue of national health policy that needs to be addressed.  The underlying problem is that we have an ageing population, that is living longer, meaning they will get a variety of critical illnesses.  We do not have a high enough fertility to replace that ageing population, and subsidise the rising cost of their claims. 

This is inevitably linked to immigration policy.  We need more younger people becoming citizens to address this demographic imbalance.  Otherwise, whatever measures we come up with, even full government subsidy, is inadequate to address the issue.  In short, we need more people contributing at the younger end of the pyramid to afford the cost of healthcare of the older end.  What we have now is a population mean of around 40 years old.  It is barely manageable now.  It will not be manageable in a decade.