Health plan caps save taxpayers $73 million

A voluntary 1 percent cap on health plan profits negotiated by Human Services Commissioner Lucinda Jesson will result in $73 million in savings for federal and state taxpayers. The health care savings announced by Gov. Mark Dayton were agreed to in 2011 by Commissioner Jesson and the four health plans that contract with the state to provide managed care services for people enrolled in Medical Assistance and MinnesotaCare. Health care reforms will save taxpayers more than $600 million. More information is in a news release.