Illinois SR 584: 2022 HEALTHCARE SUBSIDIES

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SR0584LRB104 20383 MST 33840 r

1SENATE RESOLUTION

2 WHEREAS, Half a million Illinoisans depend on the 

3Affordable Care Act's health insurance marketplace to provide 

4healthcare for their families; and

5 WHEREAS, The affordable insurance options available on the 

6Get Covered Illinois marketplace have offered peace of mind to 

7small business owners, self-employed entrepreneurs, 

8independent contractors, individuals balancing work and 

9education, and people working part-time jobs; and

10 WHEREAS, Federal subsidies created through the Inflation 

11Reduction Act of 2022 kept health insurance accessible, even 

12as household budgets were strained by many other rising costs; 

13and

14 WHEREAS, As a key deadline to extend these cost-saving 

15subsidies approaches, President Donald Trump stated: "I don't 

16want to extend them for two years. I'd rather not extend them 

17at all."; and

18 WHEREAS, Despite bipartisan support for these subsidies, 

19President Trump and Republican leaders allowed them to expire 

20on January 1, 2026; and

SR0584- 2 -LRB104 20383 MST 33840 r

1 WHEREAS, Customers on Get Covered Illinois and other 

2insurance marketplaces are now facing massive increases in 

3their insurance costs, with many seeing premiums more than 

4double and deductibles rising by as much as $10,000 per 

5person; and

6 WHEREAS, The Keiser Family Foundation calculates that 

7Illinois will be among the states most grievously impacted by 

8Trump's actions, taking an average of $927 per year out of 

9people's pockets; and

10 WHEREAS, Rural and downstate communities are even more 

11negatively impacted, costing residents of Darrin LaHood's 16th 

12Congressional District more than $1,400, costing residents of 

1