By: Mike Dennison
Montana’s health reinsurance pool has been approved by the federal government — a plan state officials say will lead to lower insurance premiums for the 50,000 Montanans buying policies on the individual market.
State Auditor Matt Rosendale, whose office regulates insurance, on Friday called it “a big step in the right direction” for those on the individual market, saying their premiums should be lower starting next year…
Rosendale and insurance executives said the reinsurance pool is one reason for the expected decline in 2020 premiums.
The Trump administration approved the plan and federal participation for the next five years, starting in 2020.
Rosendale first proposed the reinsurance pool in 2017, but Bullock vetoed similar bills twice that year.
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