Reinsurance program will start lowering health insurance in 2020

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By: Meridith Depping

State Auditor Matt Rosendale announced August 15th that the Trump Administration has approved a bill he supported to lower health insurance rates in Montana, while continuing to protect people with preexisting conditions.

Health insurance companies have already proposed to lower rates on average in 2020, because of the reinsurance program…

Health insurance companies have already proposed between 8 and 14 percent lower rates and Rosendale expects those proposed rates to be finalized with his office soon.

“This is a big step in the right direction for many of the approximately 50,000 Montanans who get their health insurance through the individual market,” says Rosendale.

Read more from ABC/FOX Montana