Results soar at Minnesota s 7 big health insurers as claims fall Settlements, delayed care for non-coronavirus issues shaped 2020 finances at nonprofit health plans. April 23, 2021 9:00am Text size Copy shortlink:
Legal settlements and delayed care amid the pandemic drove a surge in operating income last year for Minnesota s nonprofit health insurers.
The COVID-19 impact was widely noted last spring as a shutdown in elective procedures caused use of medical services to plummet. For the year, per-person medical care expenses declined by 2%, according to numbers this week from the Minnesota Council of Health Plans.
Less visible were financial settlements with the federal government related to the risk corridors program in the Affordable Care Act (ACA). Blue Cross and Blue Shield of Minnesota, in particular, received more than $200 million through its settlement, which covered a portion of
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