Posts Tagged - ‘actuary’

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Predicted Health Insurance Reform Savings Misleading?

Tuesday, September 14th, 2010

Image: University of Tennessee

According to the Obama administration’s director of healthcare reform, Nancy-Ann DeParle, the law will result in a slight reduction in the cost of health insurance. Specifically, each insured person will save up to $1,000 on their health insurance plan by 2019.

While this sounds positive, it does not cancel out the fact that the government’s Medicare actuary predicted a modest cost increase. That is because that cost will be divided among more people–the law seeks to expand coverage to 93 percent of the American population.

Some may consider the relatively small increase a worthwhile investment in our society for helping others, but that trade-off should be presented honestly.

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