Massive proposed premium increases weren't a surprise, coming on the heels of national market turmoil, the end of a federal subsidy for insurance companies and the withdrawal of a major insurer from
These new proposed rates would affect only people who buy individual insurance plans. About 300,000 Minnesotans are in that category, of whom 70,000 buy their plan through the state-run MNsure exchange and 230,000 directly from insurers. People who get health insurance from providers or from government programs such as
"The unfortunate reality is that our members' medical and pharmacy needs were costlier, and medical service use was greater than when rates were set in previous years," Worcester said.
RESPONSES: CONCERN, CRITICISM
"Once again, families who were told they would save
Even Republican presidential candidate
PROPOSALS NOT YET FINAL
Rates announced Thursday are preliminary and must be approved by the
The bulk of the increases run from 36 percent to 67 percent. Figures from one major insurer,
For some customers, federal subsidies for individuals will cancel out some or all of the premium increases. These subsidies are scaled to the cost of the plan and income, but are available only for people who buy their insurance through MNsure.
Both MNsure and a trade group of health insurers are encouraging customers to shop for insurance on mnsure.org when open enrollment begins
In a statement, Commerce Commissioner
Insurers must justify any rate increases based on a cost-benefit analysis.
Politicians and groups across the spectrum criticized Thursday's announcement of high proposed rate increases.
GOP House Speaker
House DFL Leader
Senate GOP Leader
2nd Congressional District GOP candidate
8th Congressional District GOP candidate
This article has been updated and expanded.
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