Roughly 123,000 Minnesota residents who purchase ACA health plans without subsidy eligibility face premium increases of 50 percent or higher this year. The legislation calls for a 25 percent premium reduction for individuals earning between $35,640 and $95,040 annually and families of four earning between $72,900 and $194,400 annually, according to the report.
The measure passed with a 73-54 vote in the Republican-led House. The state Senate also passed the bill last week.
Conference committees will meet next week to draft a final plan to send to Gov. Mark Dayton (DFL), which state legislators hope will be ready by next Thursday.
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