Aetna CEO Predicts Health Premiums Will Skyrocket in 2014

When healthcare coverage expands in 2014 under the Patient Protection and Affordable Care Act, Aetna CEO Mark Bertolini expects health premiums to increase heavily, perhaps as much as 100 percent in some group markets, according to a Bloomberg report.

Mr. Bertolini, who oversees the third-largest investor-owned health insurer in the United States, spoke at a conference in New York earlier this week. He said the government was overestimating savings from the healthcare law, particularly within the small- and large-employer plans, according to the report.

However, Gary Claxton, a vice president with nonpartisan Kaiser Family Foundation, told Bloomberg any massive jumps in health premium rates and costs "just seems silly." "On the individual market, there's arguments for things changing," he said in the report, "but those magnitudes seem high."

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