Minnesota Health Plan Administrative Spending Hits Ten-Year High - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
February 23, 2018 Newswires
Share
Share
Post
Email

Minnesota Health Plan Administrative Spending Hits Ten-Year High

Targeted News Service (Press Releases)

ST. PAUL, Minnesota, Feb. 22 -- The Minnesota Department of Health issued the following news release:

Minnesota health plan administrative spending in 2016 reached about $1.8 billion, or 7.7 percent of their total expenditures. This is highest level of administrative spending by Minnesota health plans since 2009, according to a Minnesota Department of Health report released today.

2016 health plan per member administrative spending was also the highest it has been during the past ten years at $343 per member, as reported in Administrative Costs at Minnesota Health Plans in 2016, an annual report required by the state legislature.

Administrative costs include health plan expenses related to claims processing, setting up provider networks, marketing products, and other business activities. They do not include health plan profits or taxes.

The report looked at the administrative costs of 50 health plans that each collected more than $3 million in health premiums from Minnesota residents. Administrative spending for Minnesota's major nonprofit health plans, such as HealthPartners, Medica, Blue Cross Blue Shield of Minnesota, PreferredOne and UCare ranged from about 4 to 12 percent. Among this group, Medica health plans (4.2 percent) and HealthPartners (6.8 percent) reported comparatively low administrative costs. The insurer with the lowest administrative costs was Cigna Health and Life Insurance Company at 2.0 percent. The highest administrative spending was calculated for Principal Life Insurance Company at 36.2 percent.

The report is available online at the MDH health economics webpage.

Older

NARAL Pro-Choice America Endorses Ami Bera, Raul Ruiz, Julia Brownley, Salud Carbjal

Newer

Illinois Auditor General Issues Report on Department of Central Management Services – Community College Health Insurance Security Fund-Financial Audit

Advisor News

  • Retaining clients by giving them a memorable experience
  • Addressing the longevity paradox
  • Employers shift focus from retirement access to financial outcomes
  • Helping widowed clients navigate their new financial reality
  • Navigating client communication in a digital age
More Advisor News

Annuity News

  • Farm Bureau P&C insurers post first underwriting gain since 2021
  • Legacy Marketing, Malibu Life launch two fixed indexed annuities
  • Changing client priorities are reshaping annuity conversations
  • Solen Software acquires annuity software provider Cooperative Technologies
  • MassMutual Expands Lending Options With New Secured Credit Line
More Annuity News

Health/Employee Benefits News

  • Massachusetts Health Connector Kicks Off 2027 Open Enrollment
  • Wyoming County employees to see changes to some insurance plans
  • Reports Summarize Managed Care Study Results from Brown University (Litigating the No Surprises Act: How Legal Challenges Undermined Cost Containment and Reshaped Provider Payments): Managed Care
  • Researchers from Geisinger Provide Details of New Studies and Findings in the Area of Managed Care and Specialty Pharmacy (Trends In Annual Medication Possession In Older Adults With Type 2 Diabetes): Drugs and Therapies – Managed Care and Specialty Pharmacy
  • Job-Based Health Plan Costs Rise, With Little Relief in Sight
More Health/Employee Benefits News

Life Insurance News

  • AM Best to Present and Participate at 2026 Shanghai International Reinsurance Conference
  • Agents often missing from the loop on life, LTC insurance rate increases
  • Meiji Yasuda Life Insurance Company Trademark Application for “PEACE OF MIND, FOREVER” Filed: Meiji Yasuda Life Insurance Company
  • SoFi and Prudential Financial team up to expand access to life insurance
  • Group 1001 Companies Secure $120,000 for Habitat for Humanity of Boone County Through Federal Home Loan Bank of Indianapolis Match
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.