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Study: Health Overhaul To Raise Claims Cost 32 Percent

12:59 PM, Mar 26, 2013   |    comments
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WASHINGTON (AP) - The nation's leading group of financial risk analysts says medical claims costs - the biggest driver of insurance premiums - will jump an average 32 percent for individual policies under President Barack Obama's health care overhaul.

The report from the Society of Actuaries could become another headache for the administration at a time when many people remain skeptical of the law.

While a few states would see claims costs go down, the overwhelming majority would see double-digit increases in their individual health insurance markets.

By 2017 the estimated increase is about 80 percent for Ohio, 62 percent for California and more than 20 percent for Florida.

The Obama administration says the report doesn't take into account subsidies and other measures in the law to offset cost increases.


STATE Percentage change, per-person, per-month

  • Alabama 60.3%
  • Alaska 19.2%
  • Arizona 22.2%
  • Arkansas 40.9%
  • California 61.6%
  • Colorado 39.1%
  • Connecticut 28.8%
  • Delaware 29.3%
  • Washington, D.C. 51.9%
  • Florida 26.5%
  • Georgia 27.6%
  • Hawaii 21.9%
  • Idaho 62.2%
  • Illinois 50.8%
  • Indiana 67.6%
  • Iowa 9.7%
  • Kansas 18.9%
  • Kentucky 34.1%
  • Louisiana 28.6%
  • Maine 4.1%
  • Maryland 66.6%
  • Massachusetts -12.8%
  • Michigan 25.8%
  • Minnesota 18.9%
  • Mississippi 43.2%
  • Missouri 58.8%
  • Montana 20.1%
  • Nebraska 30.8%
  • Nevada 29.2%
  • New Hampshire 36.8%
  • New Jersey -1.4%
  • New Mexico 34.9%
  • New York -13.9%
  • North Carolina 13.5%
  • North Dakota 8.4%
  • Ohio 80.9%
  • Oklahoma 29.3%
  • Oregon 14.3%
  • Pennsylvania 28.0%
  • Rhode Island -6.6%
  • South Carolina 36.8%
  • South Dakota 29.0%
  • Tennessee 46.4%
  • Texas 33.8%
  • Utah 28.4%
  • Vermont -12.5%
  • Virginia 28.4%
  • Washington 13.7%
  • West Virginia 35.3%
  • Wisconsin 80.0%
  • Wyoming 31.6%
  • National 31.5%


Source: Society of Actuaries