Progress Illinois reports a bill to require health insurance providers to report premium rates to the Illinois Department of Insurance is a “no brainer,” noting that insurance rates in the state have increased 181 percent since 2005.
Sponsored by Illinois Rep. Greg Harris, the bill, HB 1501 provides that insurers file the base rates as well as actuarial reasoning and data.
“I think people justifiably want to know if those going to increase health care or is this going into someone’s pocket,” Harris told Progress Illinois.
Read more at Progress Illinois.
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