A newly released study from the Society of Actuaries is receiving national media attention for its findings that Americans will see double-digit increases for health insurance premiums thanks to the Patient Protection and Affordable Care Act. But what does the study say about healthcare providers?
Reading between the lines of the report–”Cost of the Future Newly Insured under the Affordable Care Act (ACA)”–there is, as expected, good news and bad news for healthcare providers, if the projections by the actuaries actually occur. Among the conclusions:
The percentage of uninsured will decrease by almost 60 percent. The actuaries found that the percentage of Americans currently uninsured (estimated 16.6 percent) will fall to between 6.6 and 6.8 percent, once health insurance exchanges go online and penalties for not have health insurance kick in. As the self-pay population represent the source of most bad debt, this is great news.
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