On Tuesday, the Minnesota Department of Commerce released final rates for the 2019 individual insurance market. For the second consecutive year, Republican-led reforms have proven to help reduce or hold flat individual market health insurance rates after years of double-digit increases following the implementation of Obamacare in Minnesota.
All five of the carriers on the individual market are lowering premiums for 2019, with average rates dropping between 7.4 percent and 27.7 percent.
Senator John Jasinski (R-Faribault) released the following statement:
“Health care prices continues to be stressful for many Minnesota families. I am thrilled that two years of Republican reforms have led to such a dramatic reversal after the MNsure disaster, but I know we still have much more to do. You can bet that next session we will continue to build on this momentum with more cost-saving reforms.”