Insurance Premiums Could Soar, Thanks to Health Care Deform
According to a new study for the Ohio Department of Insurance:
The Patient Protection and Affordable Care Act (PPACA) could cut the number of uninsured Ohio residents by 790,000 in 2017, but it also could increase premiums for the 735,000 residents who have individual coverage by more than 55%.
Actually, the 55% increase is the low end of the predicted increase.
"...the price of individual health insurance coverage might rise about 55% to 85%, excluding the impact of medical inflation...."
If the insurance companies are getting millions of new customers -- many of them young and in good health -- shouldn't the rates be going down, since the risk is being spread over a larger pool? Just wondering ...