Alexander To Focus On “Rate Shock” Caused By Obamacare At Thursday’s Committee Hearing

Wednesday, April 10, 2013

Senator Lamar Alexander (R-Tn.), the ranking member of the Senate Health, Education, Labor and Pensions Committee, on Wednesday, said he will focus on the health care law’s impact on premium prices at Thursday’s committee hearing on the law.

“I will be focusing on the rate shock that will happen next year when premiums skyrocket, especially for young people, because of the health care law. When I said to the president at the 2010 White House health care summit that his proposal would increase individual premiums, he disagreed, but the Congressional Budget Office confirmed my case then, and nearly every major study confirms it today. A Society of Actuaries report released last month estimated that medical claims costs, which drive premium prices, would increase 32 percent on average across the country. And BlueCross BlueShield of Tennessee estimates that people in our state with individual insurance will see premium increases of 30 percent, on average.”

Click here for more on the Society of Actuaries report that finds insurance claims in the individual market will rise an average 32 percent across the nation and 46.4 percent in Tennessee, under the new health care law.



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