HB0942 - Illinois Universal Health Care Act

• Establishes the Illinois Health Services Program providing universal health insurance coverage to all state residents with a single insurance card and no social security number requirement for registration.

• Covers all medically necessary services including primary care, specialty care, emergency care, prescription drugs, mental health services, dental care, long-term care, and vision care with no deductibles or copayments for covered benefits.

• Prohibits private health insurers from selling duplicate coverage and makes investor-ownership of hospitals, HMOs, nursing homes, and clinics unlawful, requiring conversion to non-profit status.

• Creates the Illinois Health Services Trust funded by a combination of individual contributions (20%), business contributions (20%), and government funding (60%), plus federal healthcare dollars and general appropriations.

• Establishes an Illinois Health Services Governing Board to administer the program, set provider reimbursement rates through negotiation, manage a single prescription drug formulary, and maintain administrative costs at 12% initially, reducing to 5% over time.