Minnesota lawmakers consider low-cost auto insurance program

Minnesota lawmakers are advancing multiple proposals aimed at making prescription medications and auto insurance more affordable for residents. One significant initiative is the Minnesota Lifeline Insurance Program, which would provide low-cost auto insurance to eligible drivers with incomes below 300% of the federal poverty level. Supporters argue this program could enhance road safety and accessibility by removing traditional rate-setting factors, while critics from the insurance industry warn of potential cost-shifting to standard market policyholders. Additionally, legislation is being introduced to address inflated prescription drug prices, with efforts focusing on reforming the role of Pharmacy Benefit Managers in the pricing system. These bills aim to simplify the convoluted pricing structures that have contributed to rising costs in both healthcare and auto insurance. If passed, these measures could offer significant financial relief to many Minnesotans facing escalating costs.