Governor Pritzker's New Laws Transform Illinois' Health Insurance Market
Illinois Governor JB Pritzker has signed two bills that will significantly impact the state's health insurance market. The first bill establishes a state-based exchange for policies sold under the Affordable Care Act, allowing Illinois residents to have a one-stop shop for enrolling in ACA or Medicaid plans. This change will provide more flexibility in enrollment periods and protect consumers from potential changes in federal policy. The second bill grants the Illinois Department of Insurance the authority to review and modify proposed health insurance rate increases, ensuring transparency and preventing consumers from being overcharged. These measures aim to make healthcare more accessible and equitable for Illinois residents.