New Obamacare Costs Discovered 27 Mar 13

The “Obamacare” Affordable Care Act won’t be quite as hard on residents of Minnesota compared to other states, but a new study shows it will still significantly increase the medical claim costs for Minnesotans with individual health insurance policies. The study by the Society of Actuaries shows medical claim costs will rise about 32% per-person nationally by 2017, and nearly 19% for the average Minnesotan. Researchers blame the increase on the fact that sicker people will be joining the insurance pool. Government officials say the study ignores cost-relief strategies in the plan and the potential price cutting impacts of competition.