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Health Insurance Exchange Rates Being Compiled
Health Insurance Exchange Rates Being Compiled

A conservative group says health insurance prices in Illinois will be higher for some people — including men in their 20s — under President Barack Obama’s health care law.

David From of Americans for Prosperity says prices announced Tuesday by Gov. Pat Quinn’s administration are higher than current prices.

He cites the conservative Manhattan Institute, which says a 27-year-old Illinois man can get a policy for about $90 a month now. The new insurance policies would cost that person $120 to $170 a month, depending on where he lives.

Illinois Department of Insurance Director Andrew Boron says comparing policies available now to the richer policies available under the health care law is like comparing apples and oranges. And tax credits will reduce costs for many individuals.

Gov. Pat Quinn’s office announced Tuesday the monthly rates for the lowest-cost plan for a 25-year-old nonsmoker will be $120 in Chicago or $128 in Peoria. For a 40-year-old nonsmoker, the monthly cost of the cheapest plan would be $152 in Chicago or $163 in Peoria.

Most Illinois residents will be able to choose from at least 34 plans when the marketplace goes live Oct. 1.

Consumers will have to wait until then to learn exactly what choices will be available in their region and how much they’ll pay.