Illinois Residents Covered Under ACA To See Premium Hikes In 2018
Health insurance rates for people covered through the Affordable Care Act in Illinois will see dramatic premium increases next year. The State of Illinois’ Department of Insurance submitted its rate filing this week to the federal Centers of Medicare and Medicaid Services. It’s not pretty. Some users of the ACA, also known as Obamacare, will see increases between 20 and 37 percent. Stephani Becker, a senior policy specialist with the Shriver Center in Chicago, says the health exchange was doing well last year with rates decreasing. Becker says people who do not receive a tax credit because they make too much money will see the highest increases.