Health plans propose double-digit premium increases for individuals in Minnesota
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Diverging Reports Breakdown
Health insurers propose hiking Minnesota prices at least 14% next year
“They are the largest proposed rate increases we’ve seen, on average, since 2017,” says Julia Dreier, deputy commissioner of insurance at the Commerce Department.
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“They are the largest proposed rate increases we’ve seen, on average, since 2017,” Julia Dreier, deputy commissioner of insurance at the Commerce Department, said in an interview. “We can tell that the morbidity is higher in the proposed rates. In other words, the health insurance companies are assuming that the risk pool is going to be sicker, on average, than it has been in the past.”
Source: Startribune.com | View original article