The National Society of Actuaries released a study this week that looks at how much health care claims are predicted to rise in the wake of the Affordable Care Act (ACA) over the next five years. Nationally, the figure is 31 percent. But in Oregon, the anticipated increase is more modest, at just 14 percent.
As the study (pdf) says in its summary, the number of uninsured people and the cost increases vary greatly state to state. And the study notes that the impact of health care reform on premiums is not specifically addressed. Rather, it says the modeling is for “long term relative claims costs.” But the study notes:
Many aspects of the ACA will affect premiums, including changing benefit designs, new taxes and assessments, federal risk mitigation programs, minimum loss ratio rules, rate review rules and premium subsidies.”
Do you have individual health insurance? Do you anticipate being able to afford coverage under the ACA? What questions do you have about rising costs of health care under the ACA?