Study: Obamacare to Raise Claims Cost 32 Percent

Associated Press story about a report by the Society of Actuaries claims that whereas some states will see medical claims costs per person decline under Obamacare, the overwhelming majority will see double-digit increases in their individual health insurance markets, where people purchase coverage directly from insurers. The administration questions the design of the study, saying it ignored cost relief strategies in the law such as tax credits to help people afford premiums and special payments to insurers who attract an outsize share of the sick. The study also doesn’t take into account the potential price-cutting effect of competition in new state insurance markets that will go live on Oct. 1, 2014, administration officials said.

Read more at The Washington Times