This is coming up as part of the reopening of the healthcare plan debate in the US. The nice framing of flat healthcare insurance pricing is that it "doesn't discriminate against the elderly." But an equally valid framing is that "younger people subsidize older people."
But this question is really at the heart of insurance mandates however imposed. In the absence of such, young healthy people don't want to pay for insurance because they don't really take into account unlikely events and they look at the health care they're likely to need for routine accidents, etc. and the insurance looks far more costly than their expected benefit (and it is).
But this question is really at the heart of insurance mandates however imposed. In the absence of such, young healthy people don't want to pay for insurance because they don't really take into account unlikely events and they look at the health care they're likely to need for routine accidents, etc. and the insurance looks far more costly than their expected benefit (and it is).