Study says Obamacare will raise claims costs in Minnesota - Bring Me The News

Study says Obamacare will raise claims costs in Minnesota

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A new study by the Society of Actuaries says claims costs for Minnesotans with individual health insurance polices will jump nearly 19 percent by 2017 under the new federal health care law, the Associated Press reports.

Nationally, the report predicts President Barack Obama's overhaul will increase medical claims costs by an average of 32 percent. That's partly due to older and sicker people signing up for policies under the health reform.

The Obama administration argues the study ignored cost-relief strategies and the potential price-cutting impacts of competition.

Officials preparing Minnesota's health care exchange say they haven't seen the study.

Read the full report below:

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