Minnesota Republican Reforms Reverse Obamacare’s Double-Digit Premium Hikes by State Representative Paul Anderson
The individual market serves Minnesotans who do not receive health insurance through their employer or the government.
If approved by the federal government, the Minnesota Premium Security Plan will result in premium decreases for tens of thousands of Minnesotans. In contrast, average rates increased by double digits every year since 2014, including nearly 60 percent for 2017.
"It is pleasing that reforms we achieved this year finally are bringing an end to the string of double-digit premium increases that have strained family budgets in our state," said Rep.
As a result of the reinsurance program, all current insurers will continue serving the individual market next year. In addition to the reinsurance program,
According to the
Final rates for the 2018 individual market are expected to be released in
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