Recent Articles
How The New Health Insurance Laws Will Affect You
The Healthcare Reform Act was passed with quite a bit of controversy surrounding it. Polls consistently showed that the majority of Americans were not satisfied with the bill as it was currently written, and several Democrats voted against it along with all...
Blue Cross Blue Sheild of Illinois’ parent company’s net income jumps in third quarter
Crains Reports: Net income for the parent company of Blue Cross & Blue Shield of Illinois surged in the third quarter, a pace that will likely push the Chicago-based company past $1 billion in annual profits for the third straight year. Health Care Service Corp.'s net...
Illinois moves ahead on health insurance exchange
CHICAGO (AP) — Illinois officials are reviewing five bids to build the state's health insurance exchange — a required component of the federal health care overhaul that Gov. Pat Quinn intends to implement regardless of who wins the presidency on Election Day. By 2014,...
BlueCross BlueShield of Illinois Eliminating the 12 Month Waiting Period for Individual Plan Upgrades and Lower Rates
BCBSIL members will no longer be required to wait one year before applying for upgrades or to secure new business rates. This will apply to applications received on November 1, 2012 or later as well as effective dates beginning November 1, 2012 or later. A policy no...
Sherman Health Systems to join Advocate Health Care
Sherman Health Systems has signed a letter of intent to join Advocate Health Care, a move that will likely intensify competition for patients in the northwest suburbs. Elgin-based Sherman's board voted Monday to sign a letter of intent to pursue a deal with Advocate,...
Illinois Health Care Costs to Increase 6 percent in 2013
(Crain's) — Premiums for health insurance plans will climb 6.3 percent in 2013, but employee costs will shoot up even higher as companies look to shift more of the rising expenses to their workers, according to a new forecast by human resources consultancy Aon Hewitt....
Aetna to buy Coventry Healthcare
Health-care giant Aetna Inc. has struck a deal to buy Coventry Health Care Inc. for $5.7 billion in cash and stock, a move that will make Aetna one of the largest providers of government-financed health care. Aetna, based in Hartford, Conn., is paying $42.08 a share...
Obama Pushes For State Help On Health Exchanges
(Reuters) - The Obama administration this week will try to encourage reluctant U.S. states to move forward with health insurance exchanges amid fears that time is running out for states to act on a reform provision meant to extend coverage to millions of...
BCBSIL Eliminates Pre-existing Waiting Period on Individual Policies with Prior Individual Coverage
Effective July 1, 2012, the pre-existing waiting period on new Blue Cross and Blue Shield of Illinois (BCBSIL) individual policies can now be offset by prior individual coverage with another carrier, provided: Application is received on or after July 1, 2012 The prior...
Report: 5,000 Illinois Deaths caused by lack of health insurance
(Crain's) — Nearly 5,000 Illinois residents died between 2005 and 2010 because they didn't have insurance, according to a new report issued just days before the U.S. Supreme Court's expected ruling on the federal overhaul of health care. Illinois ranked sixth among...