Hard to believe that expanding coverage to include the 50 million with no access to healthcare will cost more.With many Americans and businesses concerned about the impact of Obamacare, a new study from the country's top group of financial risk analysts is providing fodder for those fears.
Underlying claims costs -- which form the basis for insurers' health care coverage premiums -- will jump by one-third across the U.S. after the Affordable Care Act goes into effect next year, according to the Society of Actuaries.
But that increase won't be felt evenly across the country because the study forecasts that some states will feel more pain than others. Among the hardest-hit will be Ohio, where claims costs will jump by almost 81%, and California, with a 62% increase.
Other states projected to see big increases in claims costs are Wisconsin, with an 80% jump; Indiana at 68%; Maryland, with a 67% bump; and Idaho at 62%.
What does that mean for individuals? If you're already covered by your employer's plan, not much. But if you're uninsured or buy health insurance directly, the study indicates costs could rise for some people, according to The Associated Press.
LOL! Why is anyone surprised by this? Of course there will be more claims - more people will have access to healthcare.
Too bad these "analysts" aren't reporting on the savings within Obamacare that will result in a $125 billion in deficit reduction over the next 10 years.