Illinois Insurance News

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Illinois Gets Approved for Health Insurance Exchange

Via Crains Illinois has obtained formal approval from the federal government to operate its health insurance exchange jointly with the U.S. Department of Health and Human Services next year, officials announced on February 13, 2013. A key part of President Barack...

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GOP Renews Effort to Undercut Health Reform Law

(Via Bloomberg) Two Republican senators began a fresh effort to dismantle health care system reform, attempting to succeed where other lawmakers and a Supreme Court challenge failed. The legislation would repeal a mandate that most Americans carry medical insurance...

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How The New Health Insurance Laws Will Affect You

The Healthcare Reform Act was passed with quite a bit of controversy surrounding it. Polls consistently showed that the majority of Americans were not satisfied with the bill as it was currently written, and several Democrats voted against it along with all...

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Illinois moves ahead on health insurance exchange

CHICAGO (AP) — Illinois officials are reviewing five bids to build the state's health insurance exchange — a required component of the federal health care overhaul that Gov. Pat Quinn intends to implement regardless of who wins the presidency on Election Day. By 2014,...

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Sherman Health Systems to join Advocate Health Care

Sherman Health Systems has signed a letter of intent to join Advocate Health Care, a move that will likely intensify competition for patients in the northwest suburbs. Elgin-based Sherman's board voted Monday to sign a letter of intent to pursue a deal with Advocate,...

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Illinois Health Care Costs to Increase 6 percent in 2013

(Crain's) — Premiums for health insurance plans will climb 6.3 percent in 2013, but employee costs will shoot up even higher as companies look to shift more of the rising expenses to their workers, according to a new forecast by human resources consultancy Aon Hewitt....

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Aetna to buy Coventry Healthcare

Health-care giant Aetna Inc. has struck a deal to buy Coventry Health Care Inc. for $5.7 billion in cash and stock, a move that will make Aetna one of the largest providers of government-financed health care. Aetna, based in Hartford, Conn., is paying $42.08 a share...

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