Insurance News Broadcast

  Welcome to our Live Insurance News Broadcast! Join us every week as we annouce news Fresh Of The Press! Catch this week in the industry…   Check out a summary of today’s headline articles as well as a link directly to the source! Health insurance exchange approved in Minnesota Early this week, Minnesota lawmakers passed a legislation that calls for the creation of a health insurance exchange that is managed by the state. Opponents of the state-run health insurance exchange argue that it will simply be too expensive for…

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Health insurance exchange approved in Minnesota

Minnesota Health Insurance

Health insurance exchange legislation wins major victory in Minnesota A state-run health insurance exchange may be set in stone in Minnesota. Early this week, state lawmakers passed a legislation that calls for the creation of a health insurance exchange that is managed by the state. The legislation is currently awaiting Governor Mark Dayton’s signature. Plans for an exchange have been in the works for some time, but political battles have sidelined these plans repeatedly. Now, the state is one step closer to having a health insurance exchange in place, which…

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Health insurance exchange plan in Minnesota costlier than expected

Health Insurance Minnesota Governor Mark Dayton

The state’s bill for the program at the heart of the healthcare reforms is higher than predicted. According to Governor Mark Dayton’s administration, the cost of operating the health insurance exchange in the year 2015 is now predicted to be around $54 million. Previous forecasts had placed the expense at between $30 million and $40 million for the state. That said, Minnesota will not need to obtain those funds until that year, when the state health insurance exchanges are required to be able to sustain themselves, financially. The same projections…

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Minnesota shutdown threatens insurance regulators, could put consumers at risk

The government of Minnesota is on the verge of a shutdown, which does not bode well for some of the state’s insurance regulators. According to Judge Kathleen Gearin of Ramsey County, whom is overseeing state spending during a shutdown, insurance investigators are not to be considered critical to the function of the state’s government. Gearin has denied requests to fund fraud investigation upon the recommendation of Kathleen Blatz, special master in the shutdown hearings. Minnesota’s shutdown has loomed on the horizon for several months now, yet neither Democrats nor Republicans…

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