Tuesday, March 26, 2013

thank you Barry


32% increase is the average. The range is from 20% to 67% depending on what State you live in. Basically, the people who can pay for healthcare insurance will pay out the nose for those who can't pay, or they'll face some heavy fines.
Yesterday, on the radio, it was reported that a woman who owned 5 beauty salons in Florida and employed 39 people, would have to pay $69,000 to the government for health insurance to cover them. Her accountant said if she didn't pay the healthcare rates she would have to $62,000 in fines. every year, for the 39 people. The IRS confirmed the figures as accurate.
The owner is now considering closing the businesses and putting the 39 people out of work. This is going on all over the country.

Study: Health overhaul to raise claims cost 32 pct
By RICARDO ALONSO-ZALDIVAR Associated Press The Associated Press
Tuesday, March 26, 2013 5:53 PM EDT


WASHINGTON (AP) -- Insurance companies will have to pay out an average of 32 percent more for medical claims on individual health policies under President Barack Obama's overhaul, the nation's leading group of financial risk analysts has estimated.

That's likely to increase premiums for at least some Americans buying individual plans.

The report by the Society of Actuaries 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.

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.

The disparities are striking. By 2017, the estimated increase would be 62 percent for California, about 80 percent for Ohio, more than 20 percent for Florida and 67 percent for Maryland. Much of the reason for the higher claims costs is that sicker people are expected to join the pool, the report said.

The report did not make similar estimates for employer plans, the mainstay for workers and their families. That's because the primary impact of Obama's law is on people who don't have coverage through their jobs.

The administration questions the design of the study, saying it focused only on one piece of the puzzle and ignored cost relief strategies in the law such as tax credits to help people afford premiums and special payments to insurers who attract an outsize share of the sick. The study also doesn't take into account the potential price-cutting effect of competition in new state insurance markets that will go live on Oct. 1, administration officials said.

At a White House briefing on Tuesday, Health and Human Services Secretary Kathleen Sebelius said some of what passes for health insurance today is so skimpy it can't be compared to the comprehensive coverage available under the law. "Some of these folks have very high catastrophic plans that don't pay for anything unless you get hit by a bus," she said. "They're really mortgage protection, not health insurance."

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