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Healthcare Business News
 

Premiums may rise for 11 million small business employees: CMS


By Associated Press
Posted: February 24, 2014 - 5:45 pm ET
Tags:

The new healthcare law may raise insurance premiums for 11 million small business employees and lower rates for 6 million others.

That's an estimate from a report by the CMS, part of the Department of Health and Human Services.

The report says higher rates are partly due to the law's requirement that premiums can no longer be based on a person's age. That has sent premiums higher for younger workers, and lower for older ones.

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The estimate is far from certain, partly because many small businesses renewed their policies in 2013. Renewing before the end of the year allowed them to avoid higher premiums that went into effect Jan. 1, when coverage was required to conform to the law.


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