EDITORIAL: Another Obamacare whack for Illinois: Price hikes of 43 percent?
On Tuesday, federal officials released the Obamacare rates for
So this is success? We'd hate to see failure. And those promises from candidate
Not that these serial
These rate shocks are the latest sign that Obamacare remains in deep distress. Too many younger, healthy people are snubbing insurance, opting to pay relatively small fines. That leaves too many sick people with hefty medical bills in the insurance pool, forcing insurers to raise rates.
That unforgiving cycle has spurred many insurers, which have suffered heavy losses, to abandon Obamacare markets in many states. Remaining insurers are continuing to provide coverage, raising rates to reduce their losses -- and hoping that
Obamacare will continue to crumble absent a new bipartisan push to fix it. That's still a long shot. But on Tuesday, Republican Sen.
After the
That would bring more chaos to markets that never have been as robust or appealing as promised when
We've long urged
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Obamacare rates in Illinois could climb next year
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