Summit: No easy fix for health insurance woes

Monday, November 23, 2015

From the RED WING REPUBLICAN EAGLE: Insurers joined the discussion at a health policy summit Tuesday in the St. James Hotel, a follow-up to a Cannon Falls summit last month organized by state Sen. Matt Schmit on the topic of health insurance prices in southeastern Minnesota. The six-person panel, made up of two insurance industry representatives as well as members of state agencies and Mayo Clinic Health System, fielded pressing questions from area residents who said their premiums have skyrocketed - especially for individual plans. Lin Nelson with Blue Cross and Blue Shield of Minnesota, the largest health insurer in the state, said its prices are up in response to losing $135 million last year in the individual market. "For every $1 premium you are paying in, we are paying out $1.15 in claims," Nelson said. "It's not a sustainable market to keep the premium levels down."