Illinois gets ready for huge Obamacare rate hikes

Published August 24, 2016 8:06pm ET



Half the insurers selling plans in Illinois’ Obamacare marketplaces are hiking prices by 50 percent on average, according to final rates the state published Wednesday.

Insurers didn’t appear to back away from steep rate hikes they proposed earlier this month, raising questions about how that increase will affect shoppers trying to find affordable coverage through Get Covered Illinois, the state’s marketplace set up under President Obama’s healthcare law.

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