[lotsofpulp]

I agree that it’s risk sharing, but my point is that it’s more akin to a tax and it’s useful to view them as a tax because it’s specifically structured via the maximum age rating factors and max out of pocket to give older and sicker people a proportionally higher benefit than younger and healthier people.

While my auto insurance premiums will probably go up if the insurance company experiences losses much higher than expected, the insurance company will raise premiums on the people causing accidents more than myself (and maybe even drop them if they deem them uninsurable). If health insurance claims come in higher, the younger people will pay proportionally more even though they’re mostly going to just be getting a physical and flu shot.