Illinois will soon run its own Affordable Care Act health insurance marketplace and have the power to stop sky-high price increases of plans sold on it.
Gov. J.B. Pritzker signed a pair of bills Tuesday aimed at giving Illinois more control over health insurance prices and the Affordable Care Act marketplace, also known as the Obamacare exchange, where people can buy individual and family health insurance plans.aimed at Pritzker for his decision to close enrollment for many people in a separate health care program for immigrants in the country without legal permission.
Illinois will also be able to better understand which areas of the state might need more outreach or education on the exchange, based on applications data, Eagleson said. “To have the ability to go back to insurance companies now and say, ‘This does not work,’ is really an important tool in our toolbox to be able to protect consumers,” said Dana Popish Severinghaus, director of the Illinois Department of Insurance.Each year, insurance companies selling exchange plans must make public certain proposed rate increases online before they actually increase prices.
The bill did, however, have a handful of critics, including the National Association of Mutual Insurance Companies. In those states, there’s evidence that final prices tend to be lower than the proposed prices, on average, Corlette said. It’s relatively rare for a state to flatly reject a proposed rate, she said. It’s more common for states to have a back-and-forth with insurers when they think the rates are too high, she said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Illinois city becomes haven for LGBTQ community looking for affordable housingA city in Illinois is becoming a haven for the LGBTQ+ community looking for affordable housing, with many coming from some of the 18 states that have passed anti-LGBTQ+ legislation.
Read more »
Texas cities among the most affordable vacation destinationsLooking for a getaway without having to spend a ton? Why not consider Galveston or any of these other Texas cities, which according to a recent study were named one of the top affordable destinations.
Read more »
Illinois drivers recall ‘hellish’ early May dust storm that killed 8, injured 36“I’ve seen accidents before, but I’ve never seen the magnitude of what was here,” said Jason Martin, who, at the time, was police chief in Divernon, 5 miles north of the crash site.
Read more »
2 seriously injured in wrong-way Bishop Ford Expressway crash: Illinois State PoliceTwo people were seriously injured in a wrong-way crash on the Bishop Ford Expressway early Sunday morning, Illinois State Police said.
Read more »
Illinois lawmakers debate giving some inmates sentenced to life another chanceLegislation introduced in the Illinois General Assembly could provide those sentenced to natural life for crimes committed before they were 21 a chance to seek release.
Read more »