Saint 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.
See the news release for more details.
Established in 1985, the Minnesota Council of Health Plans is an association of licensed nonprofit health insurers covering more than 4.89 million people. Our members are all regional—accountable to the community, not shareholders.