Report Suggests Insurance Premiums May Rise for Millions

AP: The Centers for Medicare & Medicaid Services has released a new report estimating that Obamacare “may raise insurance premiums for 11 million small business employees and lower rates for 6 million others.”

“The report says higher rates are partly due to the law’s requirement that premiums can no longer be based on a person’s age. That has sent premiums higher for younger workers, and lower for older ones.”

Although the report has been the subject of much scrutiny, “the estimate is far from certain, partly because many small businesses renewed their policies in 2013. Renewing before the end of the year allowed them to avoid higher premiums that went into effect Jan. 1, when coverage was required to conform to the law.”

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