A bill from state Sen. Julie Morrison could ban insurance companies from canceling, limiting, or denying coverage or changing rates based on genetic information collected for healthcare treatment.
If insurers cannot rate for risk before accepting a risk then they will: 1) not offer coverage in the state because the risk of no-risk assessments makes the state an unattractive place to do business; or, 2) or will assume that everyone in the state is a higher risk than their counterparts in other states (where risk assessment is allowed) and charge everyone to cover the additional knowable but unknown risk. In Illinois “doing business” is itself a high risk activity with few mitigation strategies available.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
If insurers cannot rate for risk before accepting a risk then they will: 1) not offer coverage in the state because the risk of no-risk assessments makes the state an unattractive place to do business; or, 2) or will assume that everyone in the state is a higher risk than their counterparts in other states (where risk assessment is allowed) and charge everyone to cover the additional knowable but unknown risk. In Illinois “doing business” is itself a high risk activity with few mitigation strategies available.