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Tag Archives: Minnesota Department of Human Services

Laine introduces bill to cap HMO assets

Rep. Carolyn Laine, DFL- has introduced legislation that would limit the net worth of health maintenance organizations to 25 percent of their expenses during the most recent calendar year. The proposal is intended to cap the wealth of the nonprofit health plans -- primarily HealthPartners, Medica, Blue Cross Blue Shield of Minnesota and UCare -- that Minnesota contracts with to run the state's $8-billion-per-year Medicaid program.

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