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 Jeremy Miller (R-Winona) released the following statement:
“Addressing the rising cost of health insurance in Minnesota has been a top priority for Senate Republicans, and I’m proud our reforms are already delivering incredible results in such a short period of time. Premium rates are now holding steady and even decreasing in some cases. We still have more work to do to continue improving access, choice, and affordability, but improvements like the Premium Security Plan were a great first step to get health care costs back under control and give real relief to farmers, small business owners, and families across Minnesota.”