The Minnesota Department of Commerce says health insurance premiums will remain stable in the individual and small group markets across the state in 2020. State Deputy Commissioner of Insurance Grace Arnold says that’s largely because…

“The market has kind of matured since the initial launch of the affordable care act. We have seen plans kind of make adjustments in response to the markets in the first few years.”

Arnold says the average rates for the individual market range from a 20-percent decrease and a one-point-eight-percent increase. The rate in the small group market ranges between a nine-point-five-percent decrease and just shy of a nine-percent increase.