A new report shows the Democrats’ MinnesotaCare buy-in proposal may not be as beneficial as promised.
According to a report compiled by Oliver Wyman, an international management consulting firm, 57,000 fewer Minnesotans would have health insurance coverage under the MinnesotaCare Buy-In proposal.
Middle-class families, like a family of four with a $100,000 in income, would be hit the hardest, according to the report.
Additionally, the analysis found that offering a buy-in to MinnesotaCare for all Minnesotans who purchase their insurance on the individual market would cause health insurance premiums to skyrocket. In one year, premiums would increase by 52 percent.
State Sen. Michelle Benson (R-Ham Lake), Chair of the Senate Health and Human Services Committee, said the report shows the MinnesotaCare Buy-In proposal will cause more harm than good.
“Intuitively, we know expanding government-run health insurance will damage the private health insurance market the vast majority of Minnesotans depend on,” Benson said. “Now there’s actuarial evidence to prove that even those who are supposed to benefit will be harmed under the MinnesotaCare Buy-In.”
“We need to have a fact-based conversation about the best path forward in Minnesota to truly lower the cost of health care for middle-class families,” Benson added.
Watch the expert testimony below:
* * * *
Do you like Alpha News? Help us reach our year-end goals by donating today.