Sunday, March 12, 2017

That Health Tracker Could Cost You; Bloomberg, February 23, 2017

Cathy O'Neil, Bloomberg; 

That Health Tracker Could Cost You

"Say, for example, left-handed people with vegetarian diets prove more likely to require expensive medical treatments. Insurance companies might then start charging higher premiums to people with similar profiles -- that is, to those the algorithm has tagged as potentially costly. Granted, the Affordable Care Act currently prohibits such discrimination. But that could change if Donald Trump fulfills his promise to repeal the law.

Think about what that means for insurance...

If we're not careful, pretty soon it’ll be almost like there's no insurance at all."

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