MNsure Looking at Possible Funding Shortfalls
ST. PAUL, Minn. (AP) – Leaders of Minnesota’s health exchange say they might need additional funding if insurance premiums stay low and enrollment continues to tip toward public rather than private insurance programs.
Lawmakers on a MNsure oversight panel met Thursday and zeroed in on possible budget shortfalls for MNsure by as early as next year. MNsure’s creation has largely been funded by federal grants, but ongoing operations are supposed to be covered by a 1.5 percent premium tax on private insurance sold on the exchange.
Right now, MNsure enrollment is only at 85 percent of the lowest initial projections. MNsure is also spending more than expected on staff time amid ongoing problems with its website.
MNsure Chairman Brian says board has other revenue options, but says it’s too early to identify them.