This is an important week for the health insurance industry in Illinois. The state has entered the national limelight as it draws closer to making a decision regarding the establishment of a health insurance exchange. Legislators have been torn on the issue since the passing of the Affordable Care Act in 2010. A law that would make the exchange a reality is currently before the state Legislature and lawmakers are expected to determine the fate of the exchange initiative by the end of the week. If the law is passed,…
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Illinois legislative committee investigating the effects of health insurance exchanges
The Illinois Health Benefits Exchange Legislative Study Committee, a panel comprised of senators who have been investigating the possible effects an insurance exchange could have on the state’s insurance market, will be submitted its recommendation on the establishment of an exchange to the Senate by the end of this month. Thus far, the committee has remained tight-lipped regarding its findings, but some light may have been shed on the possible outcome of the committee’s research. According to the Chicago Tribune, the state’s insurance industry has been pouring money into the…
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