Suspended ACA payments could impact MinnesotaCare funding
Under the federal Affordable Care Act (ACA), most in
The ACA lets the state tap the value of forgone cost-sharing reduction (CSR) payments to fund MinnesotaCare, to the tune of more than
An HHS spokesman told the
"
"We believe that the last Administration overstepped the legal boundaries drawn by our
Officials with the state
Some who buy individual health insurance policies through the state's MNsure exchange also benefit from the payments. Through the first six months of the year, CSR payments were worth a combined
For 2018, the state
The payments benefited people who buy individual policies, a group comprised primarily of people under age 65 who are self-employed or don't get coverage from an employer.
"Our premiums for 2018 anticipated this action and were increased previously to account for it," said
Most insurers and regulators figured the administration would suspend the payments, and have done what we can to plan for it, said
"Locally, the damage is different than the rest of the country," Schowalter said.
"Here, it means legislators don't really know how much money in the future will be available to fund MinnesotaCare," Schowalter said. "And it means another broken federal promise to people to who buy their own insurance."
Twitter: @chrissnowbeck
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