Illinois Insurers to Increase Premiums As High As 45%
Blue Cross Blue Shield of Illinois proposed increases from 23 to 45 percent
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BY: Ali Meyer
August 2, 2016 11:20 am
Insurers in Illinois are set to increase premiums by as much as 45 percent for those buying coverage through the Obamacare marketplace, the Chicago Tribune reported.
The most popular insurer in Illinois on the Affordable Care Act exchange, Blue Cross Blue Shield, has proposed increases from 23 to 43 percent for premiums for individual health-care plans saying the hike is due to changes in the cost of medical services.
“No final decisions have been made regarding our 2017 offerings,” the insurer said. “While some carriers have chosen to exit the market, we are working toward continuing to provide health insurance options for consumers in Illinois. However, that must be done in a sustainable way.”
http://freebeacon.com/issues/illinois-insurers-increase-premiums-high-45/
