Four things to know about health insurance premiums expected Thursday

Thursday, September 1, 2016

We have seen astronomical increases in the individual market for the past two years. Unfortunately the “young healthies” haven’t jumped into the pool and what is left is largely the “old sickies”. From the ST. PAUL PIONEER PRESS: Minnesota's insurance companies will unveil their proposed 2017 rates Thursday - and Minnesotans should expect some sticker shock. The new rates for the state's individual insurance marketplace are expected to see increases of at least 25 percent and perhaps far more. Affected will be people who buy individual insurance plans - about 300,000 people today, of whom 70,000 buy through the state-run MNsure exchange and about 230,000 directly from insurers. People who get health insurance from providers or from government programs such as Medicare, Medical Assistance or MinnesotaCare won't be directly affected.