Ill. Senate Democrats: Senator Fine Passes Rate Review Legislation, Prevents Excessive Rate Increases on Health Insurance
Between 2013 and 2021, health care costs increased by 25% causing Illinoisans to spend, on average, over
"Since becoming a legislator, I have been a fierce consumer advocate to provide quality, affordable healthcare to
House Bill 2296 protects consumers by giving the
In addition, DOI must also publish an annual report on coverage, affordability and cost transparency to examine the trends of health care rates, as well as information on financial assistance for consumers and small businesses who have been struggling to stay open with rising costs of insurance for their families and employees.
"The unregulated price of insurance is putting small businesses out of business because they can no longer afford their insurance, which is devastating to our economy," said Fine. "Business owners and everyday insurance consumers deserve more transparency in rate changes and regulation and this proposal accomplishes that."
House Bill 2296 passed the
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