Over 92,000 Illinois residents lose Obamacare coverage after enhanced tax credits expire
By
Lisa Schencker
Crisp on the outside, thoughtful on the inside. A keeper.
Summary
More than 92,000 Illinois residents lost or dropped their Affordable Care Act (Obamacare) health insurance plans in early 2024 following the expiration of enhanced tax credits that had made premiums more affordable. Initially, 448,568 people enrolled during the open enrollment period from Nov. 1 to Jan. 31, but a significant number disenrolled when they received higher bills. The article highlights the impact of expiring pandemic-era subsidies on healthcare coverage in Illinois.
Key quotes
· 3 pulledMore than 92,000 Illinois consumers lost or dropped their Affordable Care Act health insurance in recent months — an unusually large number — following the expiration of generous tax credits that had helped to curb the plans' costs.
Initially, 448,568 Illinois residents enrolled in health insurance plans sold on the state's exchange, Get Covered Illinois, during the state's open enrollment window, which ran from Nov. 1 through Jan. 31.
But in the months that followed — when many consumers started receiving their new, higher bills — 92,571 consumers disenrolled, according to data from Get Covered Illinois.
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