The study says a provision linking prices for older and younger patients could raise costs on the young.
Young adults will see higher health insurance premiums under the Affordable Care Act (ACA) because of a provision that links prices for older and younger patients, according to a new study.
Actuaries at management consulting firm Oliver Wyman predicted the law’s age rating restrictions could mean a 42 percent hike in premium costs for people aged 21 to 29 when they buy individual coverage.
“This means that close to 4 million uninsured individuals … can expect to pay more out of pocket for single coverage than they otherwise would, even given the availability of premium assistance,” study authors wrote.
President Obama’s signature healthcare law limited the amount insurers can charge older people for their health insurance to a maximum of three times the amount younger people pay.