Healthcare Series

Impact of Affordable Care Act on healthcare costs uncertain

CREATED Dec. 12, 2013

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MILWAUKEE - With provisions that say everyone needs to have insurance and all employers with 50 or more workers required to offer insurance, it seems safe to say that costs may rise for insurance in some areas, but it's difficult to say how much, if at all. 

"It's not a one size fits all. I think there are many parts of the law that could drive up costs," says John Healy with M3 Insurance.
He says parts of the law almost certainly will increase healthcare costs, like areas that change how younger people are covered or how employers must structure their plans. But beyond that, the future is murky, in part because so many different sectors of the economy and business world.
"Because the requires everybody has a plan after January 1st," says Healy, "everyone is impacted slightly different."
The only certain thing is that nobody seems to know for certain what will happen. That should serve as a word of warning, according to Healy.
"I'll be surpised if you're going to be getting any easy answers, and if you do, I would question the knowledge level of the person giving those answers."