Medical Claims Costs to Rise 32% by 2017 Under Obamacare, Jump at Least 60% in Seven States

July 19, 2013 - 7:31 PM

As the provisions of the Affordable Care Act or Obamacare begin to be implemented, it appears that consumers could see their insurance rates rise dramatically over the next few years.

A study by the Society of Actuaries estimates that nationally, the cost of medical claims will rise by an average of 32% per person by 2017.  However, the rate increases in some states will be far steeper. Below is a list of some of the states where costs are expected to rise the most by 2017:

Seven states will see claim costs rise at least sixty percent by 2017:

  • Ohio: 81% Increase
  • Wisconsin: 80% Increase
  • Indiana: 68% Increase
  • Maryland: 67% Increase
  • California: 62% Increase
  • Idaho: 62%
  • Alabama: 60%

Of the 50 states, only Vermont, Rhode Island, New York, New Jersey and Massachusetts expect insurance rates to decrease for individual consumers.