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Illinois could see 78% health insurance hikes next year if ACA subsidies aren’t renewed, impacting 550,000 residents.
Illinois residents could see health insurance premiums rise by up to 78% next year if enhanced Affordable Care Act subsidies aren’t extended, affecting about 550,000 enrollees, most of whom currently receive financial help.
Without renewal, many low-income individuals may face monthly costs over $60, and those earning above $55,000 would lose all subsidy eligibility.
Employers also expect health benefit costs to increase 6.5% nationally, the highest since 2010, due to rising medical expenses.
Subsidies, expanded during the pandemic and extended through 2025 by the Inflation Reduction Act, are stalled in Congress, with Republicans opposing them and Democrats pushing for action.
A Senate vote is expected in December, but passage is uncertain.
Illinois podría ver un aumento del 78% en el seguro de salud el próximo año si los subsidios de la ACA no se renuevan, lo que afectaría a 550,000 residentes.