MADISON, Wis. - A new report says insurers who sell medical policies to Wisconsin individuals will face an 80 percent increase in claims costs by 2017 thanks to the national health care law.
The Society of Actuaries study said costs will rise largely because of spending on sicker people and other high-cost groups who will gain coverage under the Affordable Care Act.
Wisconsin Office of the Commissioner of Insurance spokesman J.P. Wieske said 24,000 Wisconsin residents with serious medical conditions will be moving into the private market as of Jan. 1.
Medical claims are considered the biggest driver of health insurance premiums' cost. The report doesn't make similar estimates for employers' plans.
The White House has disputed the study, saying it ignores cost-relief components such as tax credits.
- Family-owned business disputes child labor laws
- Memorial High all-school read sparks conversations about race, social justice
- DNR provides funding to remove lead service lines from homes
- Delavan man killed in motorcycle vs. tree crash, officials say
- GOP Legislature calls redistricting ruling 'dangerous'
- Crazylegs run/walk to close many downtown streets Saturday