A new report out this afternoon is projecting a 32 percent rise in medical claims costs and a “double-digit in their individual health insurance markets.”
“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.’
‘While some states will see medical claims costs per person decline, the report concluded the overwhelming majority will see double-digit increases in their individual health insurance markets, where people
purchase coverage directly from insurers.’”
This, almost three years to the day that Obamacare was signed into law and is yet another major stumbling block as the law is implemented.
If you remember, President Obama promised that his government takeover of healthcare would lower costs. We’ve already seen current data that shows Americans are paying $3,000 more, on average, for healthcare. Now, this latest news, could prove to be yet another strain on our wallets.
Obamacare was a bad law three years ago, when it was passed, and it’s a bad law now. This study is one of many serious red flags in just the last couple of months that we’ve seen. This top-down, government-controlled bureaucracy just simply isn’t working.