Study: Health overhaul to raise claims cost 32 pct

by Ricardo Alonso-Zaldivar

(AP)—The nation's leading group of financial risk analysts says medical claims costs—the biggest driver of insurance premiums—will jump an average 32 percent for individual policies under President Barack Obama's health care overhaul.

The report from the Society of Actuaries could become another headache for the administration at a time when many people remain skeptical of the law.

While a few states would see claims costs go down, the overwhelming majority would see double-digit increases in their markets.

By 2017 the estimated increase is about 80 percent for Ohio, 62 percent for California and more than 20 percent for Florida.

The Obama administration says the report doesn't take into account subsidies and other measures in the law to offset cost increases.

not rated yet
add to favorites email to friend print save as pdf

Related Stories

US health insurance costs up 9% in year: study

Sep 27, 2011

Company-provided health insurance, one of the largest costs of US businesses and households alike, rose nine percent over the past year despite the sluggish economy, according to a new study released Tuesday.

Recommended for you

More aging boomers, but fewer doctors to care for them

2 hours ago

By 2030, the last of the Baby Boomer generation will have turned 65 years old, putting the population of "senior boomers" in the United States at approximately 71 million. Currently, only about 7,000 certified geriatricians – ...

UK study examines communication and end-of-life decisions

2 hours ago

For many people, talking about end-of-life decisions can be very difficult. Although making choices about health care at the end of life is an important outcome of these conversations, recent research suggests that talking ...

User comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.