House Approves Bill Aimed at Significantly Reducing High-Risk Insurance Premiums
Dubbed the Minnesota Premium Security Plan, the proposal would establish a state-based reinsurance program administered by the
"Our state had the reputation of being a national leader in health insurance but, unfortunately, some of the good services we provided were diminished with the implementation of Obamacare and MNsure," said Rep.
The new program would be funded by existing revenue sources. The MCHA board, comprised of members of the public and health plan experts, would design payment parameters to mitigate risk, stabilize or reduce premium rates, increase participation, and account for federal funding available for the plan.
Parameters would be submitted to the
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