Eight Minnesota companies are asking for big rate hikes for health insurance premiums in 2016. Many of the proposed increase are in excess of 50 percent.
The cost of getting health insurance through MNsure next year is going up — but it will still be among the lowest in the country. Minnesotans who get insurance through the state’s health exchange can enroll for next year beginning Nov. 15. Even though the rates are low for some people, others could see big rate hikes.
The state Commerce Department is preparing to release an early snapshot of 2015 premium rates for policies that will be sold on Minnesota’s health insurance exchange, MNsure.
Four large nonprofit health plans will return excess profits from public health care contracts to the state under a yearlong deal announced Tuesday by Gov. Mark Dayton.