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Study: Health Law to Raise Claims Cost 32 Percent

9:47 AM, Mar 27, 2013   |    comments
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WASHINGTON (AP) - A new study finds that insurance companies will have to pay out an average of 32 percent more for medical claims on individual health policies under President Barack Obama's 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.

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

The estimates by the Society of Actuaries could turn into a political headache for the Obama administration.

The administration questioned the study, saying it focused only on one piece of the puzzle and ignored subsidies and other cost relief in the law.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

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