Sen. Marty

Senate GOP Votes to Subsidize Million Dollar Salaries for Insurance CEOs

On Monday, March 1, 2021, Senate Republicans brought a bill extending Minnesota’s “reinsurance” plan to the Senate floor. The reinsurance program subsidizes non-profit healthcare insurance providers, including $106 million in state funds and $77 million in federal pass-through funding with the goal of lowering insurance premiums on the individual marketplace. In addition, the reinsurance program also costs the state of Minnesota an estimated $100 million in federal funding for MinnesotaCare