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Statement from Governor Dayton on Preliminary Health Insurance Rate Proposals

6/3/2015 10:14:43 AM

ST. PAUL, MN - For the first time ever, Minnesotans today can see proposed 2016 rate information submitted by Minnesota health insurers for individual market health plans. Under new federal rules, all health plans with proposed rate increases of 10 percent or more are included. These proposed rates are now subject to review by the Minnesota Department of Commerce.

The following is a statement from Governor Mark Dayton:

"The proposed rate increases from Minnesota's health insurers are outrageous, given that our state's health care costs have been increasing by only 3%. They underscore the need for a rigorous review of those proposed rates by the Minnesota Department of Commerce, before they become final on October 1st."

Unfortunately, Minnesota is not the only state in which health insurers have proposed drastic preliminary rate increases for individual market products. The following are examples of large rate increases proposed by health plans in other states. A full list of proposed rate increases across the United States is available on HealthCare.gov.

State	Health Plan	Proposed Increase
Idaho	Blue Cross of Idaho Health Service, Inc.	100.00%
Arizona	Time Insurance Company	78.88%
Alaska	Time Insurance Company	77.53%
Texas	Time Insurance Company	64.75%
Georgia	Time Insurance Company	64.20%
Arkansas	Time Insurance Company	63.70%
Florida	Time Insurance Company	62.57%
Pennsylvania	Time Insurance Company	61.18%
Utah	Arches Mutual Insurance Co.	58.00%
Louisiana	Time Insurance Company	55.45%

The Minnesota Department of Commerce encourages Minnesotans to provide public input on proposed rate increases by submitting their comments to healthinsurance.ratecomments@state.mn.us. Public comments will be accepted through July 31, 2015.

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