By March 26, 2013 • Reprints
WASHINGTON (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 individual health
insurance 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.