‘Reinsurance’: Mark Dayton isn’t buying what insurance companies are selling
But Gov.
In a series of letters back to the insurers, Dayton on Thursday asked for firmer commitments.
"Your letter says that you 'intend to continue serving Minnesotans' but you do not explicitly state that you will continue to serve the state," Dayton wrote. "The letter also clarifies that the money for reinsurance will be used to pay medical bills but does not commit to actually bringing down premiums for consumers."
He asked the leaders of the HMOs to "provide consumers, the Legislature, and me with these public commitments as soon as possible."
"Minnesotans deserve to know that a program of this scale and cost will actually have the intended results of stabilizing the individual insurance market and improving its affordability for consumers," Dayton said.
Reinsurance would spend as much as
Because the individual market has a high proportion of sick members, insurers have faced high medical costs that they've passed on to the whole market in the form of higher premiums. The state's experts predict reinsurance, by covering some of those high costs, could lead to premiums being 21 percent or more lower in 2018 than they would be without reinsurance.
Dayton sent letters to the CEOs of Blue Cross Blue Shield Minnesota,
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READ ONE OF THE LETTERS DAYTON SENT:
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READ WEDNESDAY'S LETTER FROM HMO LEADERS:
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BRIEF: Daviess Fiscal Court Digest: March 16, 2017
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