Saturday, July 11, 2015

Obamacare sticker shock Illinois

June 2015: In the Midwest, Blue Cross Blue Shield of Illinois asked for price increases of 12.83 percent for one plan, but also wants a 29.09 percent hike for another plan, and a 38.24 percent bump for a third plan. More than 329,000 current Blue Cross Blue Shield Customers are in those or similar plans now.

June 2015: Health insurance premiums could rise more than 30 percent next year for some people in Illinois who have bought individual plans, a hefty increase that insurers say is driven by the costs of members' medical bills.
The largest average rate increases in the state were proposed for certain plans offered by Blue Cross and Blue Shield of Illinois, Coventry Health Care and Assurant Health, according to a list of proposed increases exceeding 10 percent that was posted Monday on the healthcare.gov website.
Humana and downstate insurer Health Alliance also requested increases averaging above that threshold for some plans.
These do not include all of the Illinois medicaid, so expect the Illinois legislature to be stuck with a hefty increase along these lines.  I am pretty sure Illinois will go into full spiral mode in 2016. Remember, California is still hiding their sticker shock, so it must be huge and likely to cause spiral there also.

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