Bill > SF3434

This bill eliminates restrictions on for-profit entities participating in certain health insurance markets in Minnesota. Specifically, the bill removes language that previously limited health maintenance organizations (HMOs) to only nonprofit corporations or local governmental units. Under the new provisions, for-profit HMOs will now be allowed to participate in government programs like medical assistance and MinnesotaCare. The bill modifies existing statutes to remove the nonprofit requirement while maintaining the existing requirement that HMOs submit good faith proposals to serve eligible individuals in geographic regions where they have a significant market presence. Additionally, the bill repeals a related statute that prohibited for-profit HMOs from providing state-paid health benefits. The changes will take effect the day after the bill is enacted, effectively opening up Minnesota's health insurance market to for-profit HMOs and potentially increasing competition and options for consumers in the state's healthcare system.

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https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF3434&ssn=0&y=2025