ST. PAUL, Minn –The Senate today passed a bipartisan bill that provides health insurance premium relief as soon as this March to Minnesotans who purchase insurance on the individual market. The relief comes in the form of a 25 percent reduction in premiums for individual market purchasers who are ineligible for federal advance premium tax credits and disproportionately struggling to afford premiums. Health plans will automatically reduce premiums by 25 percent for eligible individuals no later than April 30, 2017 and retroactively to January, 2017. The Governor and DFL leaders have been trying to pass this relief plan since last fall.
Senator Nick Frentz (DFL- N. Mankato) said, “I voted “yes” on this legislation because so many Minnesotans, especially in southern Minnesota, need relief now. People in our area who are in the individual market told me again and again about the stress they were under with recent premium increases. The bill I voted on today, like the amendment I voted for last week, provides the most immediate relief possible.
I’m also proud that legislators on both sides of the aisle were willing to come together to address the acute need for immediate relief. Having said that, I am concerned about the possible impact of the bill on our rural clinics, doctors, and hospitals, and I’m committed to continuing discussions on reform with fellow legislators from both parties and the governor. “