On Monday, the Minnesota Department of Commerce released preliminary rates for the state’s 2018 individual insurance market, revealing that recent legislative reforms could reverse a multi-year pattern of double-digit premium increases that have plagued the state since the implementation of Obamacare and MNsure. Sen. Eric Pratt (R-Prior Lake) issued the following statement:
“We finally have some good news for the thousands of Minnesotans who have been burdened by unsustainable increases in their individual health insurance premiums. After years of inaction, Senate Republicans led a bipartisan effort in the legislature toward stabilizing the insurance markets. We’ve taken the first steps toward reversing Minnesota’s rising health care costs, evidence we are seeing with the first premium decreases in several years. By continuing to work together, we can implement additional reforms and ensure that the people of Minnesota have access to affordable and reliable health care well into the future.”
Senator Eric Pratt is serving his second term in the Minnesota State Senate representing Senate District 55, which includes communities in Scott County in Saint Paul. Senator Pratt is the Chair of the Senate’s E-12 Policy Committee and serves as Vice-Chair on the E-12 Finance Committee.