States Looking To Use Federal Funds To Lower Insurance Premiums

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Several states including Wisconsin and New Jersey are seeking to copy Minnesota’s model of federal reinsurance program funding that contributed to a 13-percent drop in premium rates in the state from 2017 to 2018.

The Minnesota legislature adopted the program, which uses mostly federal funds to help insurers cover people with medical bills typically between $50,000 and $250,000, in 2017, reported Kaiser Health News. The program enables insurers to lower premiums and is a policy encouraged by the Trump administration.

Wisconsin Republican Gov. Scott Walker is focusing his campaign on his health care accomplishments, including support for his state’s reinsurance program, …

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