The Minnesota Senate voted today to extend Minnesota’s successful Reinsurance program for three more years. The reform, which was first implemented in 2017, will ensure that rates in the individual market remain stable without any additional cost to taxpayers.

“If you think back you can remember that Minnesota once stood as a national leader in health care before the disastrous Obamacare and MNsure programs were launched in our state,” said Senator Dan Hall (R-Burnsville). “Now, as a result of Reinsurance, Minnesota has started to take back some of the pride we once had by stabilizing or reducing premiums for the third year in a row. Today’s extension is just another step in the right on our promise to control health care costs.”

The original $542 million for operations was offset by federal funding and the federal dollars will continue through 2022 with this extension. Reinsurance has been proven so effective that local media and national news outlets have lauded the program, with many other states implementing similar models.

“While our work on health care is by no means done, this reforms allows Minnesotans to live more comfortably as we pursue additional reforms to drive down cost and increase options,” continued Senator Hall.