Blue Cross and Blue Shield of Minnesota, HealthPartners, Medica and UCare said they capped their operating margins at 1 percent for the low-income health plans. Gov. Mark Dayton said the state did not think the insurers acted improperly, but rather thought “the contracts were too generous at taxpayers’ expense,” according to the report.
Roughly 50 percent of the refund will go to the state’s general fund, while the other half will go to the federal government. CMS matches dollars on Medicaid and the other low-income state programs, such as MinnesotaCare.
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