Obamacare expected to raise cost of health care claims 28% in Utah

A new report from the Society of Actuaries – financial risk professionals that estimate long-term costs for pensions, insurance, and the government – estimates that the cost of health care claims – the “most important driver” of insurance premiums – in Utah’s individual insurance market will increase 28 percent under Obamacare. Nationally, these health care costs are expected to go up by 32 percent, on average, and as many as 43 states are estimated to experience double-digit increases in the health care claims cost.

Unsurprisingly, the Obama administration pushed back on the study.

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