Peterson Leads Bipartisan Letter in Support of Minnesota’s Health Insurance Waiver

May 19, 2017 Issues: Health

In March, the Minnesota Legislature voted to establish the Minnesota Premium Security Program (MPSP) to help stabilize the individual health insurance market. This week, Congressman Peterson led a letter from the Minnesota Congressional Delegation urging the expeditious approval of the State’s waiver application to fund and implement the bipartisan initiative.

“This is particularly important to our rural and underserved areas,” the letter reads, “where it is critical that we reduce future rate increases, encourage consumer enrollment, preserve insurer participation, and expand access to affordable healthcare.”

Implementation of MPSP is increasingly time-sensitive as health plans prepare to propose individual market rates for 2018.

Read the full text of the letter below:

 

Dear Secretary Mnuchin and Secretary Price:

We write to request that the U.S. Department of the Treasury and the U.S. Department of Health and Human Services grant expedited consideration to Minnesota’s application for a 1332 State Innovation Waiver. With your approval, Minnesota will be better positioned to fund and implement the Minnesota Premium Security Program (MPSP), a state-based reinsurance program designed to stabilize its individual health insurance market.

This year, the Minnesota Legislature voted to establish MPSP with bipartisan support from the Governor and Democratic and Republican Leadership to address premium increases in the individual market. This is particularly important to our rural and underserved areas, where it is critical that we reduce future rate increases, encourage consumer enrollment, preserve insurer participation, and expand access to affordable healthcare.

Minnesota’s waiver application is increasingly time-sensitive as health plans prepare to propose individual market rates for 2018. On behalf of our constituents, we encourage you to consider and approve the application as soon as possible and keep our offices appraised of any developments.

Sincerely,

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