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Obamacare's Impact on Insurance Claim Costs
The Washington Post; subscription may be required
Sept. 20, 2013 "The latest analysis comes from the Society of Actuaries. It's attracting attention because of the group's expertise and nonpartisanship. What actuaries do for a living -- predicting future expense based on multiple squishy factors -- is at the core of figuring out what will happen under Obamacare.... [T]he society forecasts that the number of people covered by individual polices will double to 25.6 million by 2017 ... [and] that insurer costs -- medical claims per policyholder -- will soar, on average, 32 percent for the individual market in 2017 ... That's not the same thing as saying prices consumers pay for policies will rise 32 percent. But if claims are higher, insurers generally charge more." MORE >> |
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