Tuesday, February 28, 2012

Hedging Bets

Not sure what to make of this:

"The cost of providing health care insurance to the hedge fund community is rising at a slower rate for the first time in years ... insurance carriers raised their rates between 2% and 8%, on average, for hedge fund managers and their employees in 2011. This represents a marked improvement from the 6% to 18% rate hikes ... last year’s survey of 2010 rates."

What is there about the "hedge fund community" that would (apparently) shield them from some of the worst aspects of ObamneyCare©? My first thought was that many (most?) of these plans are probably self-funded, but the article says it's more likely demographics (primarily age). Another factor cited is that a lot of these plans "have less generous benefits than those in previous years."

So a Kia costs less than a Mercedes?

Who'da thunk it?

[Hat Tip: Mitch Ackles]
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