Study: Health law to raise claims cost 32 percent (Now we get to read what's in it)

msn ^ | 3/27/2013 | RICARDO ALONSO-ZALDIVAR

[tobyhill]

A new study finds that insurance companies will have to pay out an average of 32 percent more for medical claims under President Barack Obama's health care overhaul.

What does that mean for you?

It could increase premiums for at least some Americans.

If you are uninsured, or you buy your policy directly from an insurance company, you should pay attention.

But if you have an employer plan, like most workers and their families, odds are you don't have much to worry about.

The estimates from the Society of Actuaries could turn into a political headache for the Obama administration at a time when much of the country remains skeptical of the Affordable Care Act.

The administration is questioning the study, saying it doesn't give a full picture — and costs will go down.

Actuaries are financial risk professionals who conduct long-range cost estimates for pension plans, insurance companies and government programs.

The study says claims costs will go up largely because sicker people will join the insurance pool. That's because the law forbids insurers from turning down those with pre-existing medical problems, effective Jan. 1. Everyone gets sick sooner or later, but sicker people also use more health care services.

[AngelesCrestHighway]

http://www.freerepublic.com/focus/f-news/3001252/posts

[Uncle Miltie]

The "Patient AFFORDABILITY Care Act" INCREASES COSTS.

Who knew?

(More people covered for more issues <> Lower Costs. Duh...)

[Jeff Chandler]

if you have an employer plan, like most workers and their families, odds are you don't have much to worry about.

Because your employer will pay the extra cost and smile while doing so. He will just reach into his Obama stash and sprinkle those Obama bucks upon your job benefits.

[llevrok]

Ours went up 20% Jan. 1 due to covering more people with pre-existing conditions.

Can’t wait for 2014’s increases. /s

[Graewoulf]

Obamanation Counterculture File.

[Attention Surplus Disorder]

“But if you have an employer plan, like most workers and their families, odds are you don’t have much to worry about.”

Naaah, the employer will just eat the added costs and give you a few days off all in the name of diversity. The diversity of profits and losses.

[tobyhill]

Sure! The employer just likes losing money for their investors. /sarc

[MNDude]

“But if you have an employer plan, like most workers and their families, odds are you don’t have much to worry about.”

So typical of a liberal. Don’t worry, it won’t effect you. It’ll be paid by some huge company or will be absorbed by the entire world.

[JPG]

The biggest joke going is the governments ‘projected’ costs of their boondoggle programs. The Obamacare projected costs will turn out to be even worse than those that were made for Medicare at its inception. In fact, not even close.

[Richard Brandon Abroad]

"What does that mean for you?"

It means for you that a government-run, single payer scheme looks pretty inevitable after any other scheme becomes unaffordable. Quelle surprise!

[TurboZamboni]

Obama on single payer health care reform: then and now
http://www.youtube.com/watch?v=0lScZwsQv2c

http://www.youtube.com/watch?v=kRyKpGz0Is0