Obamacare premiums in Illinois rose sharply but not as much as expected
Illinois Obamacare premiums rose by 25% this year, less than the expected 78% increase after federal tax credits expired. The number of enrollees decreased by 4% to 448,568, with many switching to more affordable plans.
In Illinois, monthly payments for health insurance through the Affordable Care Act (Obamacare) rose by 25% this year, less than the expected 78% increase. The number of enrollees decreased by 4% to 448,568. State officials attribute the smaller premium increase to 'premium alignment', a strategy that stabilizes insurer charges. Many enrollees switched to more affordable plans, with over 37,000 moving to 'bronze level' plans and a larger share opting for 'gold plans'. The average household ACA monthly premium is now $328, up from $260 last year. Medical providers remain concerned about the impact of expired subsidies on the uninsured population.
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