Actuaries : Obamacare to raise some healthcare premiums

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non-starter

Saint Paul, MN

#1 Mar 27, 2013
Study: Health law to raise claims cost 32 percent
By RICARDO ALONSO-ZALDIVAR | Associated Press 2 hours 42 minutes ago...


WASHINGTON (AP) A new study finds that insurance companies will have to pay out an average of 32 percent more for medical claims under President Barack Obama's health care overhaul.

What does that mean for you?

It could increase premiums for at least some Americans.

If you are uninsured, or you buy your policy directly from an insurance company, you should pay attention.

But if you have an employer plan, like most workers and their families, odds are you don't have much to worry about.

The estimates from the Society of Actuaries could turn into a political headache for the Obama administration at a time when much of the country remains skeptical of the Affordable Care Act.

The administration is questioning the study, saying it doesn't give a full picture and costs will go down.

Actuaries are financial risk professionals who conduct long-range cost estimates for pension plans, insurance companies and government programs.

The study says claims costs will go up largely because sicker people will join the insurance pool. That's because the law forbids insurers from turning down those with pre-existing medical problems, effective Jan. 1. Everyone gets sick sooner or later, but sicker people also use more health care services.

"Claims cost is the most important driver of health care premiums," said Kristi Bohn, an actuary who worked on the study. Spending on sicker people and other high-cost groups will overwhelm an influx of younger, healthier people into the program, said the report.

The Obama administration challenged the design of the study, saying it focused only on one piece of the puzzle and 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 Oct. 1, administration officials said.

At a White House briefing Tuesday, Health and Human Services Secretary Kathleen Sebelius said some of what passes for health insurance today is so skimpy it can't be compared to the comprehensive coverage available under the law. "Some of these folks have very high catastrophic plans that don't pay for anything unless you get hit by a bus," she said. "They're really mortgage protection, not health insurance."

Sebelius said the picture on premiums won't start coming into focus until insurers submit their bids. Those results may not be publicly known until late summer.


While some states will see medical claims costs per person decline, the report concluded that the overwhelming majority will see double-digit increases in their individual health insurance markets, where people purchase coverage directly from insurers.

The differences are big. By 2017, the estimated increase would be 62 percent for California, about 80 percent for Ohio, more than 20 percent for Florida and 67 percent for Maryland. Much of the reason for the higher claims costs is that sicker people are expected to join the pool, the report said.

Part of the reason for the wide disparities is that states have different populations and insurance rules. In the relatively small number of states where insurers were already restricted from charging higher rates to older, sicker people, the cost impact is less.

The report did not make similar estimates for employer plans that most workers and families rely on. That's because the primary impact of Obama's law is on people who don't have coverage through their jobs.

A prominent national expert, recently retired Medicare chief actuary Rick Foster, said the report does "a credible job" of estimating potential enrollment and costs under the law, "without trying to tilt the answers in any particular direction."
Bushwhacker

Seattle, WA

#3 Mar 27, 2013
A study says health care costs COULD INCREASE ?? Heck, the sun "could" be hot in summer, right blathering boi ??? You're a complete CHEAP joke.... LMAOROTFU~!
PHD2

Minneapolis, MN

#4 Mar 27, 2013
This can't be!!!!!!

Obama promised under ObamaCare premiums would be lower AND healthcare would improve.

Oh I forgot this was another Obama PROMISE!!

That would be failed promise #648,823,873,091,348,761,097,3 56,287,520,219,892
Bushwhacker

Seattle, WA

#5 Mar 27, 2013
It's nice you don't bother to actually/honestly contribute...
non-starter

Saint Paul, MN

#6 Mar 27, 2013
While some states will see medical claims costs per person decline, the report concluded that the overwhelming majority will see double-digit increases in their individual health insurance markets, where people purchase coverage directly from insurers.

The differences are big. By 2017, the estimated increase would be 62 percent for California, about 80 percent for Ohio, more than 20 percent for Florida and 67 percent for Maryland. Much of the reason for the higher claims costs is that sicker people are expected to join the pool, the report said.
PHD2

Minneapolis, MN

#7 Mar 27, 2013
Empty Obama promises.
Bushwhacker

Seattle, WA

#8 Mar 27, 2013
Yeah, we see you freak....

Have another toot !
non-starter

Saint Paul, MN

#9 Mar 27, 2013
A prominent national expert, recently retired Medicare chief actuary Rick Foster, said the report does "a credible job" of estimating potential enrollment and costs under the law, "without trying to tilt the answers in any particular direction."
Bushwhacker

Seattle, WA

#10 Mar 27, 2013
After you misquotes me, I really have a problem accepting your lies.... REALLY SORRY !!!
non-starter

Saint Paul, MN

#11 Mar 27, 2013
WASHINGTON (AP) A new study finds that insurance companies will have to pay out an average of 32 percent more for medical claims under President Barack Obama's health care overhaul.

What does that mean for you?

It could increase premiums for at least some Americans.

If you are uninsured, or you buy your policy directly from an insurance company, you should pay attention.

But if you have an employer plan, like most workers and their families, odds are you don't have much to worry about.

The estimates from the Society of Actuaries could turn into a political headache for the Obama administration at a time when much of the country remains skeptical of the Affordable Care Act.

A prominent national expert, recently retired Medicare chief actuary Rick Foster, said the report does "a credible job" of estimating potential enrollment and costs under the law, "without trying to tilt the answers in any particular direction."
PHD2

Minneapolis, MN

#12 Mar 27, 2013
IF healthcare quality declines under ObamaCare I'll be really pissed off...
Bushwhacker

Seattle, WA

#13 Mar 27, 2013
You mean your healthcare you don't pay for ??? Yeah, really getting MY monies worth, huh ???

After you misquoted me, I really have a problem accepting your lies.... REALLY SORRY !!!
PHD2

Minneapolis, MN

#14 Mar 27, 2013
ObamaDon'tCare...
scooby slew

Saint Paul, MN

#15 Mar 27, 2013
Bushwhacker wrote:
You mean your healthcare you don't pay for ??? Yeah, really getting MY monies worth, huh ???
After you misquoted me, I really have a problem accepting your lies.... REALLY SORRY !!!
Quoting you would be really hard, normally you don't make any statements of value. Usually we just ignore you.
Bushwhacker

Seattle, WA

#16 Mar 27, 2013
I see your irony and am LMAO @ YOU....
PHD2

Minneapolis, MN

#17 Mar 27, 2013
There are people in thi world who have the "Golden Touch".

Then there is Barrak Obama.

You see Barak has the sheet touch, everything he touches turns to sheet.
Bushwhacker

Seattle, WA

#18 Mar 27, 2013
.... everything he touches turns to sheet.

LIKE YOUR POSTS/STROKE ???
non-starter

Saint Paul, MN

#19 Mar 28, 2013
WASHINGTON (AP) A new study finds that insurance companies will have to pay out an average of 32 percent more for medical claims under President Barack Obama's health care overhaul.

What does that mean for you?

It could increase premiums for at least some Americans.

If you are uninsured, or you buy your policy directly from an insurance company, you should pay attention.

But if you have an employer plan, like most workers and their families, odds are you don't have much to worry about.

The estimates from the Society of Actuaries could turn into a political headache for the Obama administration at a time when much of the country remains skeptical of the Affordable Care Act.

A prominent national expert, recently retired Medicare chief actuary Rick Foster, said the report does "a credible job" of estimating potential enrollment and costs under the law, "without trying to tilt the answers in any particular direction."

While some states will see medical claims costs per person decline, the report concluded that the overwhelming majority will see double-digit increases in their individual health insurance markets, where people purchase coverage directly from insurers.

The differences are big. By 2017, the estimated increase would be 62 percent for California, about 80 percent for Ohio, more than 20 percent for Florida and 67 percent for Maryland. Much of the reason for the higher claims costs is that sicker people are expected to join the pool, the report said.
Bushwhacker

Seattle, WA

#20 Mar 28, 2013
Correct ? Be a FIRST !!!

non-starter wrote: I found it, you just won't publish that you got it off Yahoo or Wiki answers ....

THEN the lies began, LMAOROTFU~!

non-starter wrote: No, I guessed, because you weren't forthcoming with your source

OR MY NEW FAVORITE-
non-starter wrote: I found similar postings on Yahoo answers and Wiki answers

You posted to the urban dictionary to support your position...It's called tampering and you're clearly a duplicitous/dishonest POS...

Have a nice lie... Oh sorry, I surely meant life
non-starter

Saint Paul, MN

#22 Mar 28, 2013
Obamacare to cost many policyholders more in premiums

WASHINGTON (AP) A new study finds that insurance companies will have to pay out an average of 32 percent more for medical claims under President Barack Obama's health care overhaul.

What does that mean for you?

It could increase premiums for at least some Americans.

If you are uninsured, or you buy your policy directly from an insurance company, you should pay attention.

But if you have an employer plan, like most workers and their families, odds are you don't have much to worry about.

The estimates from the Society of Actuaries could turn into a political headache for the Obama administration at a time when much of the country remains skeptical of the Affordable Care Act.

A prominent national expert, recently retired Medicare chief actuary Rick Foster, said the report does "a credible job" of estimating potential enrollment and costs under the law, "without trying to tilt the answers in any particular direction."

While some states will see medical claims costs per person decline, the report concluded that the overwhelming majority will see double-digit increases in their individual health insurance markets, where people purchase coverage directly from insurers.

The differences are big. By 2017, the estimated increase would be 62 percent for California, about 80 percent for Ohio, more than 20 percent for Florida and 67 percent for Maryland. Much of the reason for the higher claims costs is that sicker people are expected to join the pool, the report said.

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