House Republicans propose tax cut, axing MNsure to save insurance market

Minnesota Republican legislators called for provisions to address rising health plan premiums and individual Affordable Care Act marketplace insurer exits, Star Tribune reports.

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Removal of the state’s ACA exchange MNsure, cutting taxes currently funding MNsure and waiving federal regulations were among the legislators’ proposals given during news conferences Wednesday. Republicans said tax cuts would save $22 million over three years. Another proposal included $35 million in premium relief from the state’s high-risk pool funds.

Members from Minnesota’s Democratic-Farmer-Labor party said the proposals did not address rising healthcare costs, according to the report. Instead, DFL members proposed extending MinnesotaCare, the state’s health program for low income residents.   

Three insurers will offer on exchange individual plans through MNsure next year. The insurers were approved rates ranging from Bloomington, Minn.-based HealthPartners’ 50 percent to Minneapolis-based UCare’s 67 percent. 

More articles about payer issues:
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