News outlets are reporting that Obamacare will cause an increase in premiums on the individual market.  This is garbage.

The study comes from the Society of Actuaries.  I would link to the study, but it isn’t online!  Even the SOA homepage only links to the AP article about the study.

Republicans are saying that the study says premiums will increase by 32%.  This is not true:  the study says insurance companies will pay out 32% more benefits.

They say that because of those benefits, people in the individual market will face higher costs.  This is ridiculous:  there won’t be an individual […]