Illinois' Obamacare plans seek big 2017 premium hikes

Insurance premiums for Obamacare will rise an average of 
11 percent, according to a new study from the Kaiser Family Foundation.

Insurers want to crank up the cost of health insurance premiums by as much as 45 percent for Illinois residents who buy coverage through the Affordable Care Act's marketplace.

Blue Cross Blue Shield of Illinois, the most popular insurer on the state's Obamacare exchange, is proposing increases ranging from 23 percent to 45 percent in premiums for its individual health-care plans, according to proposed 2017 premiums that were made public Monday. The insurer blamed the sought-after hikes mainly on changes in the costs of medical services.

Blue Cross Blue Shield of Illinois said in a statement that the proposed rates are in line with those in many markets across the country, and the proposed increases don't tell the whole story. (Read the full article by Lisa Schencker of the Chicago Tribune by clicking here.)