Insurance News

The latest Illinois insurance news.


BCBSIL’s Parent Company Profits $1 Billion

The parent of Blue Cross & Blue Shield of Illinois, the state’s largest insurer, made more than a billion dollars last year, rebounding after three years of Affordable Care Act-related duress.  Health Care Service Corp.’s 2017 net income soared more than 10-fold, to $1.26 billion, according to its newly filed financials. That marks a return […]

BCBSIL reaches agreement with OSF Hospital System

BCBSIL reaches agreement with OSF Hospital System

  BCBSIL and OSF – Agreement Reached Blue Cross and Blue Shield of Illinois (BCBSIL) and the Order of St. Francis Healthcare System (OSF) have reached an agreement that will keep the following OSF hospitals in BCBSIL’s PPO and BlueChoice® networks: Medical Center City OSF St. Joseph Medical Center Bloomington OSF St. Mary Medical Center Galesburg […]

Illinois insurers plan 2018 double-digit ACA rate increases

Illinois consumers and small businesses using Obamacare will have fewer insurers to choose from and could face double-digit rate hikes for health plans they buy on the exchanges. On average, the highest rate increase proposed for plans to be sold to Illinois small businesses is nearly 47 percent, and for consumers, 43 percent, according to […]

United Healthcare and University of Chicago Network Participation Update

Despite continued efforts by both parties to negotiate a new contract, UnitedHealthcare has not yet reached an agreement to extend the University of Chicago’s participation in their network. If they are unable to reach an agreement, the University of Chicago Medical Center and the University of Chicago Physicians Group will no longer participate in the […]