Quote from nursej22
Interestingly, but not surprisingly, this study was done in part by a subsidiary of the antion's largest insurance company.
Medical claims costs-the biggest driver of health insurance premiums-will jump an average 32 percent for Americans' individual policies under President Barack Obama's overhaul, according to a study by the nation's leading group of financial risk analysts.
The report could turn into a big headache for the Obama administration at a time when many parts of the country remain skeptical about the Affordable Care Act. The estimates were recently released by the Society of Actuaries to its members....
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."
"Having said that," Foster added, "actuaries tend to be financially conservative, so the various assumptions might be more inclined to consider what might go wrong than to anticipate that everything will work beautifully." Actuaries use statistics and economic theory to make long-range cost projections for insurance and pension programs sponsored by businesses and government. The society is headquartered near Chicago.
This study was conduted by the Society of Actuaries. Do you have evidence that they have presented biased information, or do you just not want to acknowledge their findings? Findings which are in line with predictions made by conservative economists and the reality already experienced by those of us who purchase our health insurance on the individual market.
The only thing I question here is the (I believe) mistaken notion that only those who purchase individual plans will be affected by these cost increases. While we will be hit first and hardest, cost increases will eventually impact every individual who purchases health care coverage and/or services in any situation.
My prediction...remember you heard it here first.