Minnesota State Rep. Nornes Issues Statement on Lower Health Care Costs
* * *
For the second consecutive year, House-led reforms have helped reduce or hold flat individual market health insurance rates after years of double-digit increases following the implementation of Obamacare in
The
"It is unfortunate that many Minnesotans experienced great financial hardship as a result of our state rushing into Obamacare.
"Rising insurance costs devastated many family budgets and left people having to make life-altering decisions simply to afford their premiums.
"I am proud of the work the House has done to not only stop the trend of annual double-digit increases, but to bring us all the way to the point of people enjoying double-digit decreases.
"This is the kind of work that will allow our state to regain its status as the national health care leader it was before our cart was turned upside down by joining Obamacare."
From 2014-2017, average rates increased by double digits every year, including nearly 60 percent for 2017. Thanks to reforms enacted in 2017, individual market rates for 2018 remained flat or were reduced for most Minnesotans on the individual market. The
The nationally recognized, Republican-led reforms were supported by just one Democrat in the
Final rates for the 2019 individual market are expected to be released in
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News