The Society of Actuaries contacted me this morning to explain that the large percent increases are the projected estimate for “underlying claims costs… not the expected premium. So, I was incorrect in pinning the 32% just on the rise in the cost of buying health insurance, but rather it refers to the projected average increase in the insurance claims to be paid by the health insurance companies.
Monday, November 4, 2013
ObamaCare Will Raise Average Insurance Claims By 32% For Individual Coverage The Next Four Years
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