MTPR

Blue Cross Blue Shield of Montana

(PD)

Governor Steve Bullock is creating a bipartisan working-group to develop a plan to reduce premiums for people who buy health insurance on the federal marketplace.

A Montana Healthcare Foundation study found that reinsurance programs insulate insurers from very high claims and save consumers money.

Ongoing budget cuts mean the State of Montana has ended a contract that paid a big health insurance company $6 million a year to manage Medicaid recipients. That’s more than twice as much as it allocates to the state health department for similar work.

Matthew Rosendale, Montana state auditor..
Eric Whitney

Montana's insurance commissioner says two of the three companies offering health insurance through the individual market in the state cannot adjust their rates following President Donald Trump's decision to end federal subsidies for low-to-middle-income people.

Insurance Commissioner Matt Rosendale says he'll hold the Montana Health Co-op and PacificSource Health Plans to the rate increases they proposed, which average four percent for the co-op and 7.4 percent for PacificSource.

It's about one month until open enrollment starts for health insurance plans sold on Healthcare.gov. Yesterday Montana's biggest health insurance company said it won't attempt to adjust its premiums downward for next year.

Montana's Health Co-op Remains Standing As Others Falter

Aug 14, 2017

HELENA, Mont. (AP) — Montana's health care co-op, one of America's few remaining alternatives to traditional health insurance, will resume accepting new enrollees Sunday after it voluntarily pulled itself from the state's insurance marketplace in December.

The insurer took the nine-month hiatus from enrolling new members in the exchange created by President Barack Obama's Affordable Care Act to boost its financial reserves and keep it from the same fate that has befallen failed co-ops across the country.

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