Volatility continued for people who buy their own insurance; some to receive rebates
ST. PAUL, Minn., April 1, 2019 — The Minnesota Council of Health Plans announced today its member companies paid $27.7 billion in medical bills for more than 5.5 million people in 2018. Council member insurers help Minnesotans in every county across the state pay for the care they need, no matter how they get their insurance.
In aggregate across all ways people get insurance, and in all locations, per person medical bills were up 3 percent on average over the previous year. Insurers collected $31 billion in premium revenue and after paying all expenses, ended the year with an operating gain of 1.6 percent of revenue, or $500 million.
Established in 1985, the Minnesota Council of Health Plans is an association of licensed nonprofit health plans that includes: Blue Cross and Blue Shield of Minnesota, HealthPartners, Hennepin Health, Medica, Sanford Health Plan and UCare.
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