Health insurance premiums may as much as double for some smallbusinesses and individual buyers in the U.S. when the AffordableCare Act's major provisions start in 2014, Aetna Inc.'s chiefexecutive officer said.
While subsidies in the law will shield some people, otherconsumers who make too much for assistance are in for “premium rateshock,” Mark Bertolini, who runs the third-biggest U.S.health-insurance company, told analysts yesterday at a conferencein New York. The prospect has spurred discussion of having Congressdelay or phase in parts of the law, he said.
“We've shared it all with the people in Washington and I thinkit's a big concern,” the CEO said. “We're going to see some marketsgo up as much as 100 percent.”
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
