 On Thursday, Governor Walz discussed his plan to hold health insurance providers accountable, save taxpayer dollars, and lower health insurance costs. The proposal would shift the responsibility for the state share of reinsurance to insurers rather than taxpayers.
Governor Walz’s proposal comes as the Trump Administration pushes for $880 billion in cuts to federal Medicaid through 2034, which would shift costs to states and put millions of Americans, including thousands of Minnesotans, at risk of becoming uninsured.
"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," said Governor Walz. "We’re helping ensure that families can afford their life-saving medication and emergency care."
 Last week, Lieutenant Governor Flanagan visited a free tax preparation site in Duluth to encourage Minnesotans to file their taxes and claim the Child Tax Credit. In its inaugural year, more than 225,000 families claimed the Child Tax Credit, for an average total credit of $2,500. This tax credit put over $562 million into the budgets of Minnesota families in 2024.
"Our Child Tax Credit can help Minnesotans land on their feet when there’s a flat tire or emergency medical bill," said Lieutenant Governor Flanagan. "I went to Duluth to visit one of Minnesota's 170+ free tax preparation sites that are ready to help save Minnesotans up to $1,750 per child."
Governor Walz and Lieutenant Governor Flanagan announced in December that taxpayers who qualify for the Child Tax Credit will have the option to receive advance payments of the credit during the 2025 tax filing season. Minnesota is the first state in the nation to offer this option for Child Tax Credit recipients.
|
