A provision in the Patient Protection and Affordable Care Act might make health insurance a lot more expensive for young adults, a new study finds.
According to actuaries at consulting firm Oliver Wyman, the law's age rating provision could mean a 42 percent hike in premium costs for people aged 21 to 29 when they buy individual coverage.
Similarly, the research finds that "single adults up to age 44 with incomes beginning above approximately 300 percent of FPL can expect to see higher premiums, even after accounting for premium assistance."
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