Wednesday, March 31, 2010

Health insurance premium will go up for young and old

Kaiser Family Foundation has produced a summary of the new health care law at http://www.kff.org/healthreform/upload/8061.pdf

Meanwhile, various actuaries have projected health insurance premium for young Americans will go up by 15 to 17% on average when the mandate kicks in in 2014, see http://www.courierpostonline.com/article/20100330/NEWS01/3300324/Health-insurance-costs-to-increase-for-young.

Seniors who have Medicare Advantage supplement policies will see their premiums go up substantially as well.