Half of Minnesota’s individual claims come from 2.2% of population

Health insurance premiums in Minnesota are seeing hikes as a disproportionate number of chronically residents file claims, reports Duluth News Tribune.

Advertisement

Specifically, 2.2 percent of individual health plan policyholders filed 50 percent of claims last year, state Commerce Department officials said Nov. 14. As a result, premiums rose for healthy customers as well.   

The Minnesota Department of Commerce is advising any solution to curb rising premium costs address the unbalanced risk pool, according to the report.   

More articles on payer issues:
Ohio Medicaid chief resigns
Horizon Blue Cross Blue Shield printing error compromises up to 170k policyholders’ info
ACEP responds to Cigna’s ‘McDreamy’ ad with video featuring real ED physicians

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.