By: Mike Dennison
Open enrollment for Montanans buying individual health insurance for 2020 on the “Obamacare” marketplace began Friday – at lower premiums than for the current year.
State Auditor and insurance commissioner Matt Rosendale, whose office approved the rates, said this week the lower prices are largely because of a new state reinsurance plan that was approved by the 2019 Legislature.
“Every single person who purchases their health insurance through the individual market is going to see, on average, $1,000 a year in savings,” he told MTN News. “They will see savings as much as $4,500 a year, and that is a nice chunk of money.”…
Rosendale said Montana’s reinsurance poll will save customers about $50 million next year in premiums…
He said even though he’s touting the decline in premiums for Obamacare policies, he still believes it’s a bad law that has driven up health-insurance and care costs.
“We are delivering affordable health care in spite of Obamacare,” he said. “This is a perfect case of making lemonade out of lemons.”
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