Question

1. Calculate the modeled percentage change in covered lives for each age category for exhibit G1.

2. Calculate the modeled percentage change in average monthly cost for each age category for exhibit G1.

3. which age group is modeled to have the largest increase in covered lives in exhibit G1.

4. Which age group is modeled to have the largest increase in average monthly cost in Exhibit G1.

Ronoinued om goevious page) EXHISITG1 Distribution of Non-Group Under Current Law Non-Group Under ACA Percent Change Non-Group Average Monthly Average Monthly Cost Average Monthly Cost Coverage Imcludes High Risk Pool, by Cost Number Number Number $189 $171 71,054 Under 19 32.480 Age $186 $190 53.464 34-787 29-24 $322 81.396 $255 39.606 25-34 $380 $310 76,544 32.570 35-44 $688 $497 79,242 42.976 45-54 $896 $533 80,319 58,898 55 or over Source: SOA (2013).

Answer 1

Non-Gup Non goup Undur CUTrent lauw AveTraseMonthy Num be Percent Change Undir ACA Ay menty NUmbur Average Mon Cost Aumber Cest Undr 1932 480 118.79 h50lt 189 /6.5% 53. 6% -2.1% 190 53464 186 34787 14-24 26-29 (oS.S 39 6a6 JSC S1396 25-3 14 322 310 380 hhs9t 42.4 22 SY 35-44 31StO 84.39 688 38.4%0 79 24 2 493 42976 us-54 68.19% 36 3% 533 80319 896 55 oY OVu 58898 in covud lives teseoh age Modeled chauge 4 ACA No in CoTVEntlau No. in Non-groupUndu No. in Cuyvemt law t for eah age Cos in average mently Modelad Change 2 . (Ang-Mondyot (Avg mo nthy Cest)ndu AcA Cst)current law (Avg. Monty an Age guup (35-44) have the Co vered liv 3. Prom the table, incszase in langest Age group ( 55 or ovu) have from the table, average monthly Cot in incT e a ce largest the