Dayton, consumer advocates blast Minnesota HMO for $120 million transfer
The move is also reigniting a debate about the role of
"Perhaps this is now legal in
Dayton, who opposed the legislative changes, said Thursday that they have created a "misguided policy."
"That
"Health care is more volatile today than it has ever been before," the company said in a statement. "We continue to assess where within our organization those funds will be required to support the health care needs of our members. Our goal is to ensure adequate reserve levels for each and every one of our members."
At the same time, Health Commissioner Dr.
"As
"From our perspective, we believe
"Nonprofit HMO dollars that were generated from
Another
This year
No strings attached
"They are funneling money from
The reinsurance program, which was passed by the Legislature and recently approved by the federal government, will allow the state's health plans to moderate premiums in the individual market.
"We are entrusting these insurance companies to do the right thing, considering the reinsurance package came with no strings attached," said Hadj-Moussa.
Most
However, no other companies have requested to transfer funds among companies since the law was changed, according to the
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