Wednesday, 27 March 2013 03:38
New health law could push individual medical claim costs up
A new report says the national health law will push up the cost of medical claims in both Missouri and Illinois.
The study by the Society of Actuaries says the amount paid by insurers who sell policies to individuals in Illinois will rise more than 50 percent by 2017. The jump is even greater in Missouri, where the cost of medical claims could grow by almost 60 percent.
The report says costs will rise largely because of spending on sicker people and other high-cost groups who will gain coverage under the Affordable Care Act. The study did not make similar estimates for Employer-sponsored plans.
The White House disputes the study's claims because they didn't consider other cost-saving aspects of the new law.
The study by the Society of Actuaries says the amount paid by insurers who sell policies to individuals in Illinois will rise more than 50 percent by 2017. The jump is even greater in Missouri, where the cost of medical claims could grow by almost 60 percent.
The report says costs will rise largely because of spending on sicker people and other high-cost groups who will gain coverage under the Affordable Care Act. The study did not make similar estimates for Employer-sponsored plans.
The White House disputes the study's claims because they didn't consider other cost-saving aspects of the new law.
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Health & Fitness
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