Reinsurance Program Leads To Rate Decreases In Minnesota As Other States Look On

All five health insurers in Minnesota’s individual market are requesting rate reductions ranging from 3 to 12 percent for some Affordable Care Act health plans, which the state attributes to its relatively new reinsurance program. Minnesota’s experience could lead other states to pursue similar reinsurance measures, experts say. “You’ll see a lot of other states looking at reinsurance now,” one DC-based health lobbyist predicted. “Reinsurance programs are generally good. They help to avoid a lot of the chaos for the...