Minnesota

This is basically a mini, state-level version of the "Shop Around & Save $51/month" press release from the HHS Dept. the other day.

MNsure, the Minnesota ACA exchange (which isn't included in the HC.gov analysis above, of course), just posted their own independent analysis of their 2016 rate offerings, and while the picture is pretty ugly for current enrollees who don't shop around, it's actually pretty damned good for those who do so:

When I updated my #OE3 state-level enrollment projections yesterday, I came across this official projection for #OE3 from Your Health Idaho's Sept. 18th board meeting minutes:

Rep. Rusche asked what our target enrollment is for this cycle and what barriers we see in making those targets. Mr. Kelly said the team is focused on the 80% goal of 92,000 as our enrollment target.Premium increases are a potential barrier. Net premium is a relatively small increase for most consumers, and each consumer will experience something different depending Page 5 of 14 on their plan, their location, their carrier, etc. We feel that while the premiums are increasing the relatively small net premium increase will mitigate this barrier to a large degree.

When I asked for clarification, they informed me that:

We currently have 86,659 effectuated enrollments with Your Health Idaho, as of September 15. The 92,000 would also refer to effectuated enrollments.

When I crunched the numbers for Minnesota's requested rate hikes, the results were pretty scary-looking; based on partial data, I estimated that the weighted average was something like a 37% overall requested increase:

Note that there were several crucial missing numbers: I didn't know the actual market share for several companies (I made a rough guess based on an estimate of the total missing enrollments), nor did I know what the requested increases were for Medica or PreferredOne, other than thinking that both were under 10%.

Just moments ago, however, the Minnesota Insurance Commissioner released the approved rate changes...and it's admittedly not pretty:

Individual Market

Minnesota's troubled MNsure exchange continues to quietly roll along through the off-season...

Cumulative QHP selections are up 1,093 since July 14 (42 per day), 2,937 since June 14 (52 per day), 5,059 since May 14 (58 per day) and 9,355 since the end of Open Enrollment on 2/21/15...or about 55 per day). Things have gradually slowed during the off-season, but not by much.

In just the last month they've also beefed up their Medicaid enrollment tally by over 16,800 and added 3,800 more to MinnesotaCare.

This report also gives some important additional stats, such as:

(sigh) Just 2 days ago there was excellent news on the 2016 rate increase front from the largest state (California, 4% weighted average) and one of the smaller ones (Maine, just 0.7%). Today brings the other side of the coin: Assuming the requested rate hikes are approved, Minnesota is looking at some pretty unpleasant increases next year:

A team of actuaries at the Minnesota Department of Commerce are currently scrutinizing the proposed rates that have been filed for 2016, and final rates will be announced on October 1. But for now, four MNsure’s individual market carriers have proposed the following rate changes for coverage effective January 1, 2016 (market share is as of the end of the 2015 open enrollment period):

Minnesota's troubled MNsure exchange continues to quietly roll along through the off-season...

Cumulative QHP selections are up 1,844 since June 14 (61 per day), 3,966 since May 14 (65 per day) and 8,262 since the end of Open Enrollment on 2/21/15...or about 58 per day; they've been pretty consistent during the off-season.

In just the last month they've also beefed up their Medicaid enrollment tally by nearly 17,800 and added over 3,500 to MinnesotaCare.

The Minnesota ACA exchange, MNsure, held their June board meeting yesterday and released some new enrollment numbers:

Cumulative QHP selections are up 2,122 since May 14, while Medicaid and MinnesotaCare are (combined) up 24,296 people in just a month.

Hot off the presses, the Minnesota ACA exchange, MNsure, just held their monthly board meeting and released some new enrollment numbers:

That precise 64,000 QHP number is up 2,126 since April 13, while Medicaid and MinnesotaCare are (combined) up a whopping 34,538 people, which is pretty impressive.

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