Study: Health overhaul to raise claims cost 32 pct

March 26, 2013 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.

Explore further: Some families to be priced out of health overhaul

shares

Related Stories

Some families to be priced out of health overhaul

January 30, 2013
(AP)—Some families could get priced out of health insurance due to what's being called a glitch in President Barack Obama's overhaul law.

Feds propose fee on health insurers in new market

November 30, 2012
(AP)—Health insurance companies will have to pay to play in new health insurance markets coming under President Barack Obama's health care law.

Penalty could keep smokers out of health overhaul

January 24, 2013
(AP)—Here's a possible new cost for people with the cigarette habit.

Time for states to decide on health care exchanges

December 14, 2012
(AP)—Friday is decision day for states to notify Washington if they will run their own insurance markets under President Barack Obama's health care overhaul.

US health insurance costs up 9% in year: study

September 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.

Report: Rebates from health care law will top $1B

April 26, 2012
(AP) -- More than 3 million health insurance policyholders and thousands of employers will share $1.3 billion in rebates this year, thanks to President Barack Obama's health care law, a nonpartisan research group said Thursday.

Recommended for you

Women run faster after taking newly developed supplement, study finds

January 19, 2018
A new study found that women who took a specially prepared blend of minerals and nutrients for a month saw their 3-mile run times drop by almost a minute.

Americans are getting more sleep

January 19, 2018
Although more than one in three Americans still don't get enough sleep, a new analysis shows first signs of success in the fight for more shut eye. According to data from 181,335 respondents aged 15 and older who participated ...

Wine is good for you—to a point

January 18, 2018
The Mediterranean diet has become synonymous with healthy eating, but there's one thing in it that stands out: It's cool to drink wine.

Sleep better, lose weight?

January 17, 2018
(HealthDay)—Sleeplessness could cost you when it's time to stand on your bathroom scale, a new British study suggests.

Who uses phone apps to track sleep habits? Mostly the healthy and wealthy in US

January 16, 2018
The profile of most Americans who use popular mobile phone apps that track sleep habits is that they are relatively affluent, claim to eat well, and say they are in good health, even if some of them tend to smoke.

Improvements in mortality rates are slowed by rise in obesity in the United States

January 15, 2018
With countless medical advances and efforts to curb smoking, one might expect that life expectancy in the United States would improve. Yet according to recent studies, there's been a reduction in the rate of improvement in ...

0 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.