The federal health reform law will drastically cut the number of uninsured Wisconsin residents by 2016 while driving up premiums for some consumers, according to a Forbes report.
According to the report, former Democratic Gov. Jim Doyle hired Massachusetts-based Gorman Actuarial and Massachusetts Institute of Technology economist Jonathan Gruber last year to study how healthcare reform would impact Wisconsin. The state paid for the report with federal planning grants.
The study showed that the number of uninsured Wisconsin residents will decrease by 65 percent by 2016, dropping from 520,000 to around 180,000. The report attributed the decrease to the mandate that people buy health insurance, as well as tax credits to offset premium costs.
According to the report, approximately 90 percent of people without employer-sponsored or public insurance will experience premium increases of about 41 percent. These increases will come from an influx of high-risk patients into the individual market, as well as reform provisions that mandate coverage for these patients.
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According to the report, former Democratic Gov. Jim Doyle hired Massachusetts-based Gorman Actuarial and Massachusetts Institute of Technology economist Jonathan Gruber last year to study how healthcare reform would impact Wisconsin. The state paid for the report with federal planning grants.
The study showed that the number of uninsured Wisconsin residents will decrease by 65 percent by 2016, dropping from 520,000 to around 180,000. The report attributed the decrease to the mandate that people buy health insurance, as well as tax credits to offset premium costs.
According to the report, approximately 90 percent of people without employer-sponsored or public insurance will experience premium increases of about 41 percent. These increases will come from an influx of high-risk patients into the individual market, as well as reform provisions that mandate coverage for these patients.
Related Articles on Coding, Billing and Collections:
LA Times: California Should Have Power to Modify, Reject Insurance Premium Increases
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40 Idaho Cities Consider Becoming Self-Insured