SENATOR ROSEN- REINSURANCE
danbrookens2021-03-02T07:30:22-05:00The Minnesota Senate on Monday approved legislation to extend Minnesota’s successful reinsurance program for another year. Extending the program ensures insurance rates in the individual market will remain stable, and without any additional cost to the taxpayers. In his recent budget proposal, Governor Tim Walz did not reauthorize this successful program. The state risks destabilizing the individual health insurance market, drastic increases in premium costs, and could lose approximately $90 million in federal money if the program expires. “It’s easy to forget that MNsure very nearly destroyed our health insurance market,” said Senate Finance Chair Julie Rosen (R-Vernon Center). “Reinsurance is [...]