Although many news outlets have reported that health insurance offered under the Affordable Care Act in New York will cost less, businesses will most likely see a rate increase. In the Albany area, the increase could be as much as 12.8 percent, according to The Business Review.
Comparing current plans to those that will be offered is difficult as the new plans under the Affordable Care Act have different requirements. Matthew Clarke of Bouchey & Clarke Benefits Inc., who compared current and future plans, said the comparison is not “apples to apples” but analyzing comparable plans shows a cost increase of at least 12.8 percent.
Read the full article on The Business Review website (subscription based).