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Actuaries Project “Substantial Capital” to Fund Health Insurance Co-ops or Public Plan
November 4, 2009 05:46
Actuaries Project “Substantial Capital” to Fund Health Insurance Co-ops or Public Plan (PDF; 62 KB)
Source: American Academy of Actuaries
A group of nonpartisan experts said that the necessary start-up capital for either health insurance co-operatives or a public plan option may be substantial and could vary greatly. Under modeled scenarios, actuaries projected that start-up capital requirements ranged from approximately $1.7 billion to $45.6 billion. The projections are intended to inform policymakers about the costs of implementing either co-operatives or a public plan option, which are proposed in health care reform legislation currently under congressional consideration.
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