Friday, March 29, 2013

Individual Insurance, Obamacare, and Costs

Health Care Law Will Raise Some Premiums, Study Says by Robert Pear.  The New York Times.  March 28, 2013.

FAQ On The Latest Study:  Obamacare's Impact On Insurance Claim Costs by Jay Hancock.  Kaiser Health News.  March 28, 2013.

Cost Of The Newly Insured Under The Affordable Care Act.  Society of Actuaries.  March 28, 2013.

The Kaiser Health News article was particularly helpful in understanding the Obamacare cost issue.  Headlines have tended to give the impression of run-away price hikes for insurance premiums.

A key point is that the report, the source of many of these headlines, refers to the individual insurance market, not to insurance obtained through employers or government programs.  Significantly, the 32% figure reported often in the media refers to medical expenses paid by insurers, not what insurers will charge in premiums or what consumers will pay.  The first two articles are excellent summaries.  The third listed item is the complete report, if you are a serious wonk.

No comments:

Post a Comment