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Study: Health overhaul to raise claims cost 32 pct.



Published: Tue, March 26, 2013 @ 2:14 p.m.

WASHINGTON (AP) — Medical claims costs — the biggest driver of health-insurance premiums — will jump an average 32 percent for Americans' individual policies under President Barack Obama's overhaul, according to a study by the nation's leading group of financial risk analysts.

The report could turn into a big headache for the Obama administration at a time when many parts of the country remain skeptical about the Affordable Care Act. The estimates were recently released by the Society of Actuaries to its members.

While some states will see medical claims costs per person decline, the report concluded the overwhelming majority will see double-digit increases in their individual health-insurance markets, where people purchase coverage directly from insurers.

The disparities are striking. By 2017, the estimated increase would be 62 percent for California, about 80 percent for Ohio, more than 20 percent for Florida and 67 percent for Maryland.

Much of the reason for the higher claims costs is that sicker people are expected to join the pool, the report said.

The report did not make similar estimates for employer plans, the mainstay for workers and their families. That's because the primary impact of Obama's law is on people who don't have coverage through their jobs.


Comments

1123goz(505 comments)posted 1 year, 3 months ago

"Much of the reason for the higher claims costs is that sicker people are expected to join the pool, the report said."
Really? I thought the idea was the people that did not have insurance now are the healthy ones that don't need it now, and they would get in a add to the pool of payers. don't the sicker people have coverage? what are they doing for health care now if they don't?
me thinks your study is biased. and insurance will do what they can to screw us.

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2JoeFromHubbard(962 comments)posted 1 year, 3 months ago

As Rush would tell you, it was the "low information" voters who put Obama in office and now we all pay the price for their errant judgement.

This is an example of the destructive powers of socialist agendas and we have not yet seen the end of it.

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