New evidence points to a likely outbreak of health insurance sticker shock when the bulk of the Affordable Care Act (ACA) takes effect in 2014. A Society of Actuaries report predicts medical claims costs will jump an average 32 percent for individual policies next year.
Other highlights include:
- A new report finds that some individuals in California will see an average premium increase of 20 percent next year.
- Florida legislation would hand off rate review authority for 2014 and 2015 to Health and Human Services (HHS).
- The Illinois legislature is considering conflicting health insurance rate review bills.
Michigan lawmakers are considering a Medicaid expansion bill that would require recipients to have “skin in the game.”
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