Friday, March 22, 2013

Premium Cost Increase Under Obamacare? It Seems To Depend On............

Health Insurers Warn On Premiums by Anne Wilde Mathews and Louise Radnofsky.  The Wall Street Journal.  March 22, 2013.

Whether premiums for health insurance under Obamacare will rise is a complex question.  The effects will likely be very different for some consumers buying their own plans and for older individuals.  Judging from this article, it is clear that the cost effects of the law will be  complicated.  The insurance industry, perhaps to prepare customers for any potential price shocks, is emphasizing the potential for big increases.  The administration, supported by a Congressional Budget Office study, points to the probability that average premiums on similar products would be lower.

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