ST PETER —
Schneeman said that more than half of all Minnesota businesses have not yet decided if they will continue helping pay for employee insurance or whether they will drop it or turn to a defined-benefits plan. With defined benefits, employers would give employees a certain amount of money each month and employees would use it to help pay for private insurance on the health exchange.
He said health reform also is putting financial pressure on health providers, leading to more consolidation and pushing them to do better in showing they get good results for the money spent.
The exchange and health reform also will give rise to more health providers — such as Allina — offering insurance plans of their own. “The new law allows them to take on risk, which basically makes them an insurance company.”