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Study: Health care law to increase costs in Hawaii

By Associated Press

LAST UPDATED: 12:37 p.m. HST, Mar 26, 2013

Hawaii residents with individual health insurance could end up paying about 22 percent more for medical claims costs under President Barack Obama’s new health care law, according to a new report by financial risk analysts.

The Society of Actuaries published the study Tuesday which says that more people buying individual health insurance could cause medical claim costs to increase an average of 32 percent nationwide.

That could lead to higher health insurance premiums.

The study says that the vast majority of states will see costs rise but some —— such as New York and Vermont —— will see costs decrease.

The Obama administration disputed the study, saying that it doesn’t take into account other aspects of the law that would reduce costs such as tax credits, subsidies and increased competition.

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Hapa_Haole_Boy wrote:
Thanks Barry! How's all that hope and change working out for you Obama supporters out there....
on March 26,2013 | 12:59PM
Haole wrote:
Just fine, and thanks for asking.
on March 26,2013 | 01:50PM
1local wrote:
obama cares?
on March 26,2013 | 07:23PM
allie wrote:
on March 26,2013 | 01:45PM
Hapa_Haole_Boy wrote:
allie, what did we say about that kind of lolo comment. Knock it off.
on March 26,2013 | 01:55PM
st1d wrote:
has any democrat read the law yet? health care costs will rise as pelosi and obama's dream moistens.
on March 26,2013 | 01:51PM
tiki886 wrote:
You insure 30 million people without health insurance with pre-existing conditions and you think costs are going to go down? It's not "insurance", it's was always about WELFARE!
on March 26,2013 | 01:54PM
Denominator wrote:
Ain't Obama fun!
on March 26,2013 | 02:29PM
fairgame947 wrote:
Well what a surprise! NOT!!!!
on March 26,2013 | 03:38PM
Graham wrote:
it is too late...the time to be concerned and reviewed the situation was BEFORE the election...
on March 26,2013 | 03:55PM
Pacej001 wrote:
Just the first in a whole flock of Obamacare chickens coming home to roost this year and next, such as: More and more part time employment, reduced business expansion to keep below the 50 employee limit, employers either dumping employees on the federal program or reducing family coverage to compensate for increased costs, medical device manufacturers offshoring their companies due to the 2.3% tax on their gross sales (whether they make a profit or not), the increased taxes on the middle class due to the medical deduction minimum being upped from 7.5% of income to 10%, the overall growth suppressing effect of the Obamacare taxes on the evil rich. And all of this happening while our economy is still trailing smoke. Just perfect. Like Pelosi said, " we have to pass it to find out what's in it", so you faith-based Obama voters are about to find out. Enjoy.
on March 26,2013 | 04:17PM
ISCREAM wrote:
Notice how fast the Obamicons have abandoned him....
on March 26,2013 | 04:59PM
FluidMotion wrote:
You wanted a Democrat in office, do not complain that you're getting taxed to death. You think healthcare is expensive now, just wait until it's "affordable".
on March 26,2013 | 06:02PM
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