Levin & Perconti is happy that a Chicagoland newspaper has finally delved into the profits that health insurance companies enjoy while denying claim after claim. As the SouthtownStar article points out, health insurance companies make up their own rules and do not have to explain themselves to anyone. The newspaper looks into cases of individuals who were denied for coverage for unexplainable and bordering unethical reasons.
Various measures currently in the Illinois Congress look to reform the way that health insurance companies do business. One of the measures – H.B. 3923 – would mandate that 75% of all health insurance premiums actually be used for health care in Illinois. Outlandishly, right now, insurance companies can use 30-50% of your premiums to boost executive salaries or simply to inflate profit margins.
To read more about the Illinois health insurance article.
To read about the Illinois House Bill.