Gov. Walz Proposes Plan to Make Health Insurers Cover More Costs, Reduce Burden on Minnesotans

Minnesota Governor Tim Walz is pushing for health insurance companies to take on more financial responsibility, shifting reinsurance costs away from taxpayers. The proposal, announced Thursday, aims to hold insurers accountable, lower health care costs, and save taxpayer dollars.
The plan comes as the Trump Administration moves forward with a proposal to cut $880 billion from federal Medicaid through 2034, potentially shifting significant costs to states and putting thousands of Minnesotans at risk of losing coverage.
“As President Trump looks to fund tax cuts for the wealthy by cutting health care for millions of Americans, we’re going to save Minnesotans money by making sure the insurance industry is paying their fair share,” Walz stated.
The governor emphasized that keeping health care affordable is critical to ensuring families in Detroit Lakes and across Minnesota can access life-saving medication and emergency care.
Meanwhile, Lieutenant Governor Peggy Flanagan is urging Minnesotans to take advantage of the state’s Child Tax Credit. Visiting a free tax prep site in Duluth last week, she encouraged residents to file their taxes and claim the credit, which provided over $562 million to Minnesota families last year.
“Our Child Tax Credit can help Minnesotans land on their feet when there’s a flat tire or emergency medical bill,” Flanagan said.
Minnesota is the first state in the nation to offer advance payments of the Child Tax Credit in 2025, allowing families to receive financial relief throughout the year instead of waiting for tax season.
For more details on Minnesota’s health care policies and tax benefits, visit mn.gov.
[Source: Office of Governor Tim Walz, 2/29/25]