
“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.”
Related posts:
End Of The Silk Road: FBI Says It's Busted The Web's Biggest Black Market
Holder promises not to pursue death penalty against Snowden
Former deputy found guilty in child sex crime
French officials abuse visa-free travel to spy on tax dodgers in Switzerland
UK to double number of drones in Afghanistan
Japan plans 'nationalisation' of factories to save industry
Malta to ID buyers of its citizenship after outcry
Bulgarian government resigns amid protests
Liechtenstein mulls lifting banking secrecy
The IRS's recycled hard-drive coincidence
Why Did It Take a Sex Scandal to Topple the DEA Chief?
Four suspected Egyptian militants killed in first confirmed Israeli drone strike
Iceland Companies Push to List as Krona Controls Spur Demand
Rules Aimed at Tax Evasion Abroad Trip Up Average Americans
‘Robin Hood’ band of ‘left-wing activists’ nabs school supplies from shop