Report: 11 Million Workers Could See Higher Costs
Nearly two-thirds of small businesses will see their health insurance premiums increase under the ACA, according to a new Centers for Medicare & Medicaid Services report. Democrats counter that the report ignores subsidies for premiums.
The Wall Street Journal: Rising Premiums May Hit Small Firms
A federal actuarial report predicts that 65 percent of small businesses will see their health-insurance premiums increase under part of the Affordable Care Act. The report, from the Centers for Medicare and Medicaid Services Office of the Actuary, is the latest piece of bad news for the president's signature domestic achievement. While the law was designed to curb rising health costs, some consumers have seen their premiums or other out-of-pocket costs increase this year, or had their plans canceled altogether (Corbett Dooren, 2/24).
CNN: Republicans Pounce On Obamacare Report; Democrats Cry Foul
Republicans are seizing on a new report in which the Obama administration itself concludes that the President's signature health care law would raise premiums for roughly two-thirds of small companies. But Democrats point out that Republicans designed and ordered the report, which they say ignores billions of dollars in subsidies that will decrease those premiums (Desjardins, 2/24).
The Associated Press/Washington Post: Premiums May Rise For 11 Million Workers: Report
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 (2/24).
Fox News: Obamacare May Increase Premiums For 11 Million Workers, Report Says
Republicans renewed their fight against Obamacare on Monday in response to a new report in which the Centers for Medicare & Medicaid Services concludes that 11 million small business employees may see their premiums rise under the law. The report, released Friday, says the higher rates are partly due to the health 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 (2/25).
Politico Pro: Small-Business Health Premiums May Rise, Report Says
A new report by the Obama administration estimates that health insurance premiums of 11 million small-business employees will tick up under the federal health care law, handing Republicans another potent talking point about how Obamacare is inflicting damage on workers. The report also found that premiums are expected to fall for the other 6 million small-business employees and that the impact on premiums in large employer health plans will be "negligible." The report examining the law's key market reform rules was mandated by the Budget Control Act and was quietly released late Friday, about two years late, Republicans noted (Norman, 2/24).
Meanwhile, larger companies are reporting effects of the law.
The Wall Street Journal: Health Law Already Has Impact On Bottom Lines
The Affordable Care Act's impact on the bottom line is starting to ripple across corporate America. More than 80 public companies told investors the new health care rules were, or could be, a financial boost or drag on their quarterly earnings, though they were often uncertain of the magnitude, according to a Wall Street Journal search of earnings-call transcripts for the most recent quarter provided by FactSet (Knox, 2/24).