From: Rep. Greg Davids
The MNsure Board of Directors announced Wednesday that it dramatically reduced enrollment expectations for 2014. The board released a new projection showing that 50,518 households will enroll in individual market plans, and 1,313 will enroll in small group plans through the SHOP exchange. In March 2013, the Dayton Administration estimated that 164,000 would enroll in individual market coverage, and 13,125 would enroll through the SHOP exchange. In October 2013, the board projected individual market enrollment of 102,800, and SHOP enrollment of 13,125.
The numbers released today demonstrate that Governor Dayton dramatically overstated MNsureís enrollment projections. MNsure revised revenue projections from the insurance premium tax down 44 percent this year and 31 percent in 2015. As a result of the administrationís wildly inaccurate financial assumptions, MNsure will likely run a significant deficit next year and into the foreseeable future.