Minnesota health insurers propose big premium hikes for individual plans
Minnesota health insurers are seeking big premium increases next year for people who buy coverage on their own, with proposed jumps for thousands of people averaging anywhere from 36 percent to 67 percent.
About 270,000 people buy coverage through Minnesota’s individual market, where shoppers buy through insurers, brokers or the state’s MNsure health insurance exchange.
Insurers defend the proposed spikes as necessary given escalating medical costs among enrollees. One health plan, in fact, said the only alternative would be to drop out of the market entirely.