Obamacare Collapse: Minnesota health insurance market in ’emergency situation’
ST. PAUL, Minn. (AP) — Minnesota’s top health insurance regulator says the state’s individual market is in “an emergency situation” amid big rate increases for next year.
Department of Commerce Commissioner Mike Rothman said Friday that the five companies offering plans through the state’s exchange or directly to consumers were prepared to leave the market for 2017. He said big rate increases were the tradeoff to convince all but one company to remain for now. – READ MORE