Will My Medical Insurance Premiums Increase? « Health Insurance Advisory

Welcome to the New Healthcare Law Center and State News

new healthcare reform lawThe new healthcare law, called the Patient Protection and Affordable Care Act (PPACA), represents comprehensive healthcare reform legislation signed into law on March 23, 2010. It contains numerous provisions designed to protect consumers and promote low cost medical insurance, including many new taxes to pay for the cost.

In this section of the site, you can also obtain the following information specific to your state: available medical insurance options, efforts to regulate medical insurance premiums, healthcare, the individual medical insurance marketplace and the new healthcare law.

Our objective is to help Americans make sense of the new healthcare law by explaining key provisions in plain English and assisting individuals, families and the self-employed in using this information to find and secure affordable medical insurance.

Will My Medical Insurance Premiums Increase?

Author: Allan Z - Founder Editor | Nov 14 2010 | Premium Increases - New Healthcare Law

Major medical insurance premiums will increase as a result of the new healthcare law guaranteeing richer benefit levels than most Americans have today, based on a study commissioned by the Blue Cross Blue Shield Association.  New fees and taxes mandated by the law will also likely increase the cost of major medical insurance as the new requirements are phased in. The study also found that insufficient medical insurance premium discounts for the young and healthy could encourage many individuals to forgo medical insurance coverage, thereby making health insurance coverage more expensive for those that have it because healthcare costs are spread over fewer individuals.

There are many factors that drive the cost of medical insurance premiums, including rising healthcare costs, increasing utilization attributable to an aging population, obesity and chronic illnesses, prescription drugs and new medical technologies. The latter being the greatest cost contributor. While the new healthcare law establishes a few pilot programs, there no aggressive measures that attempt to control rising healthcare costs.

If you are seeking low cost medical insurance, check out a high-deductible health plan paired with a Health Savings Account (HSA).  More than 70% of individuals who purchased an HSA did not previously have coverage. An HSA is also an excellent alternative for self employed medical insurance. To obtain free, online medical insurance quotes, visit healthinsuranceadvisory.org today.

We also offer our visitors a free health discount plan that provides significant savings on prescriptions, dental care and vision expenses.  Download your free health discount card today.

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