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Friday, August 26, 2016

Illinois gets ready for huge Obamacare rate hikes

Half the insurers selling plans in Illinois' Obamacare marketplaces are hiking prices by 50 percent on average, according to final rates the state published Wednesday.

Insurers didn't appear to back away from steep rate hikes they proposed earlier this month, raising questions about how that increase will affect shoppers trying to find affordable coverage through Get Covered Illinois, the state's marketplace set up under President Obama's healthcare law.

Harken Health Insurance Company, Celtic Insurance Company and Health Care Service Corporation, the state's Blue Cross Blue Shield plan, are raising prices by about 50 percent. At least one Blue Cross plan is getting marked up 77 percent.


1 comment:

Anonymous said...

The companies are saying to the customers: Get lost.