Dayton OKs reinsurance; MinnesotaCare funding at stake
Published 4:45 pm Monday, October 16, 2017
ST. PAUL — Gov. Mark Dayton has signed a federal waiver approving a new state program to lower health insurance premiums.
The Democratic governor officially approved Minnesota’s new reinsurance program Monday. State lawmakers devoted $549 million to lower rates for shoppers who buy coverage on their own after years of double-digit increase.
Dayton’s signature means the federal government will also kick in hundreds of millions of dollars to help stabilize rates. But that approval came with unexpected cuts to MinnesotaCare.
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The federal government has indicated it will cut $369 million from program for nearly 100,000 low-income residents. Dayton says he and Minnesota’s congressional representatives will continue pushing to reverse those planned cuts.
Dayton says MinnesotaCare won’t be affected in 2018.