Minnesota Reaching Deadline to Get Insurance Rate Approval

Minnesota health insurance Photo: KSTP/File
Minnesota health insurance

September 18, 2017 02:54 PM

Minnesota is running out of time to receive approval from the federal government for its plan to lower health insurance premiums next year.

The Pioneer Press reports that the $542 million reinsurance proposal would keep premiums purchased through the state exchange about 20 percentage points lower next year than they'd otherwise be.

RELATED: Minnesota Residents to Get First Glimpse at Insurance Rates

An estimated 4 percent of Minnesota residents get their insurance through the MNsure exchange and may pay thousands more for coverage if the government doesn't approve the plan.

Health and Human Services Secretary Tom Price and staff at the Centers for Medicare and Medicaid Services are considering the request.

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Credits

Associated Press

(Copyright 2017 by The Associated Press. All Rights Reserved.)

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