Minnesota senate passes bill to continue subsidies for health insurers

Minnesota senators advanced a bill that proposes to maintain subsidies for health insurers for three years, according to the Duluth News Tribune.

Under the bill, Minnesota would continue to run its reinsurance program. The reinsurance program allows the state to offset costs that health insurers incur when they take on pricier claims.

The bill's supporters argue health insurers need to know if the reinsurance program will still be in place to ensure they can accurately set rates for next year. However, opponents of the proposal say Minnesota should quit subsidizing health insurers, and argued the program was intended to be temporary when it launched two years ago.

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