One of the nation’s largest health insurers is warning customers they might pay more for their coverage in 2014 because of President Obama’s health care law.
Multiple news outlets are reporting that Aetna sent off a letter to its customers this week that cites the law as the source of potential spikes in their premiums.
“The Affordable Care Act (ACA) is changing health insurance,” the letter, posted online by the Weekly Standard, says. “This includes adding preventive care and essential health benefits. The ACA also ends medical underwriting. Due to these and other changes, many people will pay more for their health insurance coverage in 2014 than they do today.”
The letter was sent to customers who do not hold a “grandfathered” plan that is insulated from the law, and notes there may be cheaper options available than “the higher-priced 2014 plans.”
Critics of the law have been sounding the alarm over potential “rate shock” in the months leading to the law’s key implementation dates in 2014.
Supporters of the law are trying to get younger, healthier Americans to sign up for insurance on the state-by-state markets, or “exchanges,” so the risk pool is not dominated by higher-cost patients with more serious health issues.