On Tuesday, the Minnesota Department of Commerce released final rates for the 2019 individual insurance market. For the second consecutive year, Republican-led reforms have proven to help reduce or hold flat individual market health insurance rates after years of double-digit increases following the implementation of Obamacare in Minnesota.
All five of the carriers on the individual market are lowering premiums for 2019, with average rates dropping between 7.4 percent and 27.7 percent.
Senator Bill Weber (R-Luverne) released the following statement:
“For two years Republicans have controlled the legislature, and for two years insurance costs have gone down. There is no doubt our reforms have been a success. MNsure devastated families for years; fixing it will be a long, complicated process, but the results show Republicans have the right approach.”