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

Health plans in Minnesota made more money in 2018

 

Photos by Dallas Morning News, left, and UCare

The Minnesota Council of Health Plans is the trade group for the state's seven nonprofit insurance companies. The group's annual financial release includes figures for: Blue Cross and Blue Shield of Minnesota (top photo); HealthPartners; Hennepin Health; Medica; PreferredOne; Sanford Health Plan; and UCare (bottom photo)

Operating income for Minnesota's nonprofit health insurers more than doubled last year as health plans made more money than expected in the market where individuals buy coverage - and could be issuing $37 million in rebates, as a result.

The financial data released Monday show the continued recovery of the individual market, which provides coverage for a small share of all Minnesotans but has had an outsized impact on insurance company finances since changes with the federal Affordable Care Act (ACA).

http://www.startribune.com/profit-jumps-for-health-plans-in-minnesota/507961532/

 

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