10/16/2017 3:00:54 PM
MNsure CEO Allison O’Toole, Human Services Commissioner Emily Piper and Commerce Commissioner Mike Rothman issued the following joint statement regarding the Trump Administration’s decision to end payments to health insurance companies for cost-sharing reductions:
“The Trump Administration’s decision to abruptly end these cost-saving federal subsidies is very concerning. We are still working to analyze the future impacts this decision will have on the Minnesotans who rely on MinnesotaCare and individual health insurance policies.
“It is important for Minnesotans who purchase their health insurance on the Individual Market to know that while the President’s action will almost certainly create higher health insurance costs in the years ahead, it will not immediately impact health insurance rates or federal tax credits available during Minnesota’s upcoming open enrollment period.
“We encourage Minnesotans who purchase their health insurance on the Individual Market to shop for coverage on MNsure beginning November 1, 2017. MNsure remains the only place Minnesotans can access cost-saving tax credits, which average over $7,000 per year.”
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