Minnesota sends $542M bill to stabilize insurance market to governor: 4 key notes

Minnesota legislators advanced a bill to Gov. Mark Dayton, D, that would divide $542 million in funds among state payers to protect against high claims, the StarTribune reports.

Advertisement

Here’s what you should know.

1. Republican lawmakers introduced the bill. They hope it will keep payers enrolled in Minnesota’s individual market while lowering premiums.

2. Gov. Dayton and Democratic–Farmer–Labor Party legislators have issues with the plan, including how to divvy up the funds, where the money should come from and how to hold the payers accountable.

3. Legislators voted along party lines. Gov. Dayton said he’d review the proposal over the weekend and act on Monday.

4. If approved, Minnesota would spend the proposed $542 million and an additional $326 million in previously approved premium relief for individual marketplace customers.

More articles on coding, billing and collections:
5 statistics on physician participation in Medicaid, Medicare
Health savings accounts likely to stay on GOP’s agenda
The 4 secrets to scaling your business

Advertisement

Next Up in ASC Coding, Billing & Collections

Advertisement

Comments are closed.