Wednesday, August 4

Health insurance costs, the future

Interesting reporting from the Wall Street Journal on the cost of health insurance policies in the near future.

Healthy consumers could see insurance rates double or even triple when they look for individual coverage under the federal health law later this year, while the premiums paid by sicker people are set to become more affordable, according to a Wall Street Journal analysis of coverage to be sold on the law’s new exchanges.

The exchanges, the centerpiece of President Barack Obama’s health-care law, look likely to offer few if any of the cut-rate policies that healthy people can now buy, according to the Journal’s analysis. At the same time, the top prices look to be within reach for many people who previously faced sky-high premiums because of chronic illnesses or who couldn’t buy insurance at all.

Continue at Health-Insurance Costs Set for a Jolt: For the Healthy, Rates Could Soar Under New Law; Sicker Consumers to See Relief