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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Changes to Illinois health insurance up for vote
Illinois Governor Pat Quinn is expected to make a decision on a bill arriving at his desk today. The State’s House of Representatives passed legislation— by a sweeping majority of 98-15 – that would keep the state’s health insurance contracts intact for the next two years. This conflicts with Quinn’s move to change the state’s health insurance carrier, a measure that would have left more than 100,000 government workers in need of new coverage. The bill will also reopen the health insurance procurement process and allow the state’s insurers to…
Read MoreIllinois state insurance may be getting a new carrier
Controversy abounds in Illinois. State legislators have received a significant amount of criticism from the public for their decision to change health insurance providers. The switch has an effect on more than 100,000 state employees and their dependants. Furthermore, lawmakers have been embroiled in a struggle to better define the authority of the Commission on Government Forecasting and Accountability (COFGA) has over the insurance industry. The Senate recently voted to allow COFGA the authority to approve applicable health insurance contracts for state workers. Senator Dale Righter, a supporter of the…
Read MoreHealth insurers required spending law or your check is in the mail!
A year has passed since the health care reform bill, the Affordable Care Act, was signed into law. Many used the opportunity to hold events that publicized the perceived “broken” promises of the law, but in Illinois, insurance officials are arguing that consumers are better off now than they were without it. The Illinois Insurance Department Director, Michael McRath, has said that in the next year some consumers will be receiving rebates as a result of the law’s requirements. “There is some disruption and definitely some discomfort among insurers,” says…
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