Health care reforms championed by Senate Republicans during the 2017 legislative session have led to a dramatic reversal for Minnesota’s individual health care market, according to new numbers confirmed today by the Minnesota Department of Commerce.
According to the Department of Commerce announcement, statewide rate changes for Minnesotans on the individual market in 2018 will range from a 38% decrease to a maximum 3% increase. Last year, premium rates increased as much as 67%. Additionally, every person who wants to buy insurance on the individual market will have that option, with insurers offering plans in every county and no caps on enrollment, unlike 2017.
Senator Roger Chamberlain (R-Lino Lakes) released the following statement:
“Minnesota families, small business owners, and farmers on the individual market have faced an endless series of skyrocketing health insurance premiums ever since the creation of MNsure and Obamacare. I’m proud our reforms have quickly stabilized the individual market. There’s still a lot more work to be done to undo the damage, but I’m glad Minnesota families are beginning to see relief.”