Minnesota bill targets health insurance cost increases

A new bipartisan bill in Minnesota aims to address the rising costs of health insurance by requiring lawmakers to consider the financial impact of adding new mandated benefits. The bill proposes that the state cover costs for any new mandates that increase insurance premiums. Currently, Minnesota has one of the highest numbers of mandated insurance benefits in the U.S. Advocates argue that while these mandates help meet consumer needs, they also contribute to rising premiums, which can burden both employees and employers. The bill has passed the Commerce Committee and will undergo further review. Lawmakers are encouraged to explore the financial implications of new mandates and consider reviewing existing ones to manage costs effectively.