Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Three Minnesota health plans face combined hit of $71.7 million

 


A federal government decision to freeze "risk adjustment" payments under the federal Affordable Care Act is threatening more than $70 million in funding expected by Minnesota health insurers while also raising questions about the potential impact on premiums next year.

On Saturday, the federal Centers for Medicare and Medicaid Services (CMS) said a court decision earlier this year means it must put on hold the financial transfers, which effectively shift money from some insurers in certain markets to carriers that cover more people with expensive health conditions.

http://www.startribune.com/three-minnesota-health-plans-face-combined-hit-of-71-7-million/487676321/

 

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