Insurers refund $73 million to Minnesota

  • Article by: JACKIE CROSBY , Star Tribune
  • Updated: April 3, 2012 - 9:37 PM

Four health insurers who cover low-income Minnesotans agreed to cap profits.

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wingophersApr. 3, 1212:06 PM

Good for Commissioner Jesson and her boss Governor Dayton for looking out for the taxpayer. The Pawlenty administration was most happy to keep feeding their friends in the insurance industry.

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member11Apr. 3, 1212:12 PM

Good deal for us taxpayers!

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StarquestApr. 3, 1212:14 PM

This is exactly how health insurance SHOULD work. It could easily work at the national level.

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Mister_EApr. 3, 1212:20 PM

Good for the President, too, since part of the agreement was with federal officials. I'm waiting to hear about similar savings in the private sector ... waiting ... waiting ...

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cheneyheartApr. 3, 1212:45 PM

Let's put this back into the fund to cover expense next year rather than squandering it on some other boondoggle.

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sannemanApr. 3, 12 1:03 PM

This may seem great but the insurance companies have been ripping off the taxpayer and funneling that money to their executives! Furthermore, physicians and hospitals have seen reductions in reimbursement every year while the insurance companies continue to rake in record profits! This "give back" is to get the State and Federal Govt. off their back because they have been stealing your money! If our healthcare dollars actually went to the people and facilities who PROVIDE care, and no insurance companies don't "provide" "care", then you would see an improvement in the care that is delivered in the State. Insurance companies, with their thousands of employees who don't provide care, just skim off healthcare dollars from the total pool of dollars available to be spent!

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rjr2205Apr. 3, 12 1:05 PM

I am glad that the insurance companies are finally capping the profit at 1%. Remember that it was about one year ago that Gov Dayton complained about their excess profits, and that was after several years (approx 6+)of TPaws program allowing them to collect such profits. My guess is the insurance companies saw the Dayton/Dems handwriting on the wall to expose the excessive profits/ripoff, it was not said companies suddenly developing a conscience re tax payers paying excess premiums/profits!!

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teddygApr. 3, 12 1:13 PM

I'm not real smart about this stuff, but I do know that Minnesota (i.e. taxpayers) pays 58% more per enrollee for the same Medicaid benefits as the nation as a whole. (8,331 vs 5,387 source State Health Facts org) So this 1% cap is just a drop in the bucket of what the true savings could amount if we just say 'enough is enough'.

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pinelakelindApr. 3, 12 1:27 PM

Good decisions made by Governor Dayton and Commmissioner Jesson! Looking out for the citizens of Minnesota is their #1 priority! Thank you!!

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macretsamApr. 3, 12 1:51 PM

Just think how much more taxpayers could save if every family working for our school system and state government were under the same plan. The only reason it wont happen is election campaign contributions.

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