When certain provisions of the Affordable Care Act’s provisions take effect January 1, some Wisconsinites will see their insurance premiums go up, according to Jim O’Connor, a consultant with Milliman which analyzed the law’s effects on six states.
“Anybody will be able to get insurance now and that means there will be less healthy people moving into the market and that will force an increase in premium rates to cover the risks that insurers are taking on,” said O’Conner, referring to persons who will purchase coverage through the individual market, rather than through their employers.
However, a number of people will qualify for subsides which means their premiums will decrease from their current rate. But not all will qualify for that assistance such as family of four who makes more than $95,000 a year, per household. O’Conner says they could see premium hikes anywhere from 15 to 50 percent.
Milliman was retained by Center Forward, a group that wants “to give centrist ideas a place to be heard and discussed.”
