Obamacare rate hikes possible in Illinois

Chris0nllyn

Chris0nllyn

Well-Known Member
Blue Cross Blue Shield of Illinois, the most popular insurer on the state's Obamacare exchange, is proposing increases ranging from 23 percent to 45 percent in premiums for its individual health-care plans, according to proposed 2017 premiums that were made public Monday.
Click to expand...

Coventry Health Care of Illinois proposed rate increases as high as 21 percent.

The Illinois Department of Insurance has until Aug. 23 to review the proposed rates and potentially try to negotiate them down. Final rates can be lower than the ones first proposed by insurers, and the proposed increases don't reflect what consumers will actually pay, the U.S. Department of Health and Human Services was quick to caution Monday

Last year, average monthly premiums for consumers with HealthCare.gov coverage increased by $4, to $106 a month "despite headlines suggesting double-digit increases," HHS spokesman Jonathan Gold said Monday in a statement. About 75 percent of Illinois residents who buy plans on the exchange qualify for federal tax credits that partially offset the costs of their premiums.
Click to expand...

Other states make the rate plan proposals public when they are filed, and before Monday, more than half of the states had disclosed just how much higher Obamacare premiums could be. Blue Cross Blue Shield of Texas, for example, proposed an average increase of 53.7 percent.

The increases aren't a surprise as many insurers have been losing money in the marketplace, said Katherine Hempstead, a senior adviser at the Robert Wood Johnson Foundation.
Click to expand...

Insurer Land of Lincoln Health stunned 49,000 enrollees with its announcement this summer that it would shut down Oct. 1, after sustaining heavy financial losses. And last year, Blue Cross Blue Shield of Illinois decided to discontinue its broadest PPO plan on the exchange after losing money.
Click to expand...

http://www.chicagotribune.com/business/ct-illinois-obamacare-rates-0802-biz-20160801-story.html
 
M

Mixone

New Member
"Passing the Affordable Healthcare Act will lower the cost and increase the quality of healthcare for all
Americans." (B. Obama)

You blundering fools.....
 
GURPS

GURPS

INGSOC
PREMO Member
Mixone said:
"Passing the Affordable Healthcare Act will lower the cost and increase the quality of healthcare for all
Americans." (B. Obama)

You blundering fools.....
Click to expand...

if you think health care is expensive now, wait until its free ........
 
You must log in or register to reply here.
Top