Minnesota Health Plans At Risk to Lose $71.1M

Minnesota Health Plans At Risk to Lose $71.1M

Created: July 10, 2018 01:43 PM

MINNEAPOLIS (AP) - A federal government decision to freeze risk adjustment payments under the health care law is threatening more than $70 million in funding for Minnesota health insurers and raising questions about the potential impact on premiums next year.

Advertisement – Content Continues Below

The Centers for Medicare and Medicaid Services said Saturday it'll hold the financial transfers, which shift money from some insurers in certain markets to carriers that cover more people with expensive health conditions.

The Star Tribune reports that the agency attributes the hold to a February court decision invalidating the use of the statewide average premium in the risk adjustment transfer formula established under the health care law.

Health policy experts say the agency could've responded to the ruling without freezing transfers. Insurers also say the move could result in higher rates for consumers.


Information from: Star Tribune,

Copyright 2018 The Associated Press. All rights reserved.

Relay Media Amp

Nolan Staying on Swanson Ticket Despite Calls to Step Aside

Former Campaign Manager Joe Radinovich, Others Weigh in on Nolan Staffer Allegations

Duluth Facility First in Minn. to Offer Kids Residential Psychiatric Treatment

Cliffs' CEO Ready for New Leadership in Minnesota

Walker Wants Federal Disaster Declaration for NW Wisconsin

Lake Superior Circle Tour Highway Reopens after Brief Closure