Actuarial study: Obamacare law to bring double-digit percent increases to insurance premiums

“Medical claims costs — the biggest driver of health insurance premiums — will jump an average 32% for Americans’ individual policies under the Affordable Care Act health care law, according to a study out Tuesday by the nation’s leading group of financial risk analysts.  While some states will see medical claims costs per person decline, the report prepared by the Society of Actuaries concluded that the overwhelming majority will see double-digit increases in their individual health insurance markets, where people purchase coverage directly from insurers.  Much of the reason for the higher claims costs is that sicker people are expected to join the pool, the report said.”

http://www.usatoday.com/story/money/business/2013/03/26/study-health-overhaul-to-raise-claims-cost-32/2021963/

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