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Posts tagged #PremiumReduction

Citizen Portal News Minnesota

@citizenptnewsmn.bsky.social

1 week ago

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Committee approves amendment and lays over bill to preserve Minnesota’s reinsurance authority The committee approved an A1 amendment to House File 33‑88, which seeks to continue and preserve the state reinsurance program and its funding authority (assessment/credit model). Witnesses said reinsurance substantially lowered individual‑market premiums; the committee laid HF 33‑88, as amended, over for possible omnibus inclusion.

Minnesota's reinsurance program is at a critical crossroads, with potential premium spikes looming if vital funding isn't preserved.

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#MN #InsuranceReform #CitizenPortal #PremiumReduction #HealthcareStability #MinnesotaReinsurance

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Citizen Portal News Maine

@citizenptnewsme.bsky.social

1 month ago

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Committee advances Foley funding amendment to bolster Maguera program and reduce premiums Representative Foley proposed a combined funding approach — raise the existing $4 PM assessment to $5 PM and allocate the equivalent of a 1.5% premium assessment from the general fund — to generate an estimated $147.8M in revenue and a projected ~14% premium reduction; the committee adopted the amendment and asked bureaus to validate actuarial calculations.

A new funding proposal by Representative Foley could generate nearly $148 million and slash health insurance premiums by 14%—but will it pass the scrutiny of actuaries?

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#ME #MaineHealthcare #PremiumReduction #HealthInsurance #CitizenPortal #CivicAccountability

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