Report: Illinois premiums projected to increase significantly next year

Report: Illinois premiums projected to increase significantly next year

The annual premium for a benchmark plan in Illinois could increase significantly in 2019 due to actions taken by the Trump administration, according to a recent analysis by the left-leaning Center for American Progress.

The organization projected that by 2019, the annual premium for a benchmark plan for a 40-year-old Illinoisan would be $1,211 higher due to the repeal of the individual mandate penalty and a proposed expansion of short-term health plans.

The Center for American Progress used projections by the Urban Institute to estimate potential premium changes in each state.

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