Health insurance premiums for individuals who buy their own policies will rise 14 percent in 2014, a new study predicts. The increase without effects of the Affordable Care Act would be about 9 percent, said consultants to the state-backed marketplace, Covered California. Meanwhile, those who qualify for subsidies -- tax credits, lower deductibles -- may pay significantly less in monthly premiums compared with recent years, the ... (More)
Study: Individual claim costs to soar
Medical insurance claims for individual policies in California will cost insurers 62 percent more by 2017, a risk-management group predicts. The figure is near the top of cost increases seen for each state under the Affordable Care Act. The costs do not necessarily mean premiums would increase by that amount because numerous other factors come into play, the Society of Actuaries said in its report of March 26. Still, claims costs ... (More)
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