ACA-Driven Changes in Individual Market Composition Could Lead to 32 Percent Average Increase in Cost; Wide Variability among States

Society of Actuaries’ Research Finds 43 States Could See Double-Digit Percent Increases

Kim McKeown, Society of Actuaries
Sarah Kossek

SCHAUMBURG, Ill., March 26, 2013 – With less than a year to go before the major provisions of the Affordable Care Act (ACA) take effect, new research published by the Society of Actuaries (SOA) predicts that expected changes in member composition of the individual health care market could drive up underlying claims costs by an average of 32 percent nationally by 2017. In addition, the study predicts high variability among states, with as many as 43 states experiencing a double-digit percentage claims cost increase and some states experiencing a double-digit cost decrease.