Minnesota Gov. Mark Dayton has signed the state's health insurance exchange bill on Wednesday, finalizing the creation of an online insurance marketplace expected to serve 1 million residents. State officials have announced that the exchange will be named MNSURE.
The Minnesota Legislature on Monday approved a plan to create a health insurance exchange, in a 39-28 Senate vote. The legislation, approved earlier by the House, now goes to Gov. Mark Dayton, a Democrat, who has said he will sign it and whose administration already has begun work on building the exchange.
Minnesota legislators proposed a bill on Wednesday for the creation of a state health insurance exchange. The proposal also calls for a board to oversee the exchange. Minnesota received conditional approval to create an exchange from the federal government in December.
Minnesota Gov. Mark Dayton said the state is moving forward on planning for its health insurance exchange, although key policy decisions will be handled after the election. Responsibility for exchange planning will be shifted from the Commerce Department to the state Management & Budget office, Dayton said. The move is an effort to address concerns over the Commerce Department's role as insurance regulator and health exchange planner.
The Minnesota Democratic–Farmer–Labor Party, a state affiliate of the Democratic Party, wants to get a health insurance exchange running and avoid federal control over such a marketplace. Gov. Mark Dayton and fellow Democrats announced the outline of an exchange on Monday. Republicans plan to introduce a health insurance bill that would not include an exchange, state Sen. David Hann said.