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Nonstop Blog:

Why Do Health Costs Keep Rising? These People Know - The New York Times

Robert Pear recently wrote for the New York Times, saying how "actuaries normally toil far from the limelight, but their calculations are feeding a roaring national debate over insurance premiums and the Affordable Care Act."

Read the full article at: www.nytimes.com

An actuary is a person who compiles and analyzes statistics and uses them to calculate insurance risks and premiums. And in recent years, those premiums have been rising, feeding a heated national debate. Health plans around the country just filed proposed rates for 2017, and those rates are waiting for review by state insurance commissioners. But questions about the proposed increases abound.

Different sides of the political spectrum have different views on the matter, and with the Presidential election looming people are considering healthcare heavily in their voting decision. No matter which side you are on, the fact of the matter is that insurers are struggling to find the best ways of providing care to their new customers, and the only option for actuaries is to make their best guesses and wait to see how high insurance claim amounts actually rise.

Partial self-insurance is one way for employers to help protect employees against rising premiums - register for our FREE webinar to learn more:

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The information and materials herein are provided for general information purposes only and are not intended to constitute legal or other advice or opinions on any specific matters and are not intended to replace the advice of a qualified attorney, plan provider or other professional advisor. This information has been taken from sources believed to be reliable, but there is no guarantee as to its accuracy. In accordance with IRS Circular 230, this communication is not intended or written to be used, and cannot be used as or considered a ‘covered opinion’ or other written tax advice and should not be relied upon for any purpose other than its intended purp