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Article: MINNESOTA HEALTH INSURANCE PREMIUMS, SPENDING GREW FASTER IN 2006
- Article from:
- US Fed News Service, Including US State News
- Article date:
- October 4, 2007
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The Minnesota Department of Health issued the following news release:
Private health insurance premiums in Minnesota grew by 7.2 percent per enrollee in 2006, up from 4.5 percent in 2005, according to a new report by the Health Economics Program at the Minnesota Department of Health (MDH). Growth in health plans' expenses per enrollee increased from 7.2 percent in 2005 to 8.9 percent in 2006, while enrollees' average out-of-pocket cost grew by 15 percent.
As premiums have risen, many people have shifted to health insurance plans that require higher enrollee cost sharing. This trend continued in 2006, with enrollees' share of costs rising to $562 per person (compared to $489 in 2005). ...