If you're on an individual health care plan through MNSure, be prepared to pay at least 50 percent more for coverage next year.
That's according to finalized numbers released by the Minnesota Department of Commerce on Friday.
According to Representative Greg Davids, hikes range from 58 to 122 percent, depending upon the insurance company.
Some of those hikes, by the numbers are: Medica: up 58 percent; UCare: up 66 percent; Blue Plus: up 66 percent; and PreferredOne: up 92 and 122 percent depending on coverage.
And the pulling out of Blue Cross from the individual market a few months ago, as well as Health Partners moving to only the metro area, about 153,000 people are out of coverage, with nowhere to go due to coverage caps.
So who do these hikes affect?
“We're not talking about group plans, we're not talking about people on medical supplements, people on Medicare. We're talking about individual people that have to buy health insurance. And, you have to buy it. So, I'm talking about self-employed people, I'm talking about people that are retired but not yet age 65. We're talking about farmers, small businessmen. And women,” said Rep. Davids.
Rep. Davids said MNSure already can't handle the 63,000 people it has, let alone adding the extra 153,000 people (from Blue Cross and Health Partners) into the system.
Davids said he will be hosting a meeting on October 10th for possible solutions to these hikes, which top health insurers are calling "an emergency situation”.