After the latest hikes in health insurance prices for Minnesotans, Governor Mark Dayton says the Obama administration's landmark Affordable Care Act is "no longer affordable."
The Minnesota Department of Commerce announced last month that health coverage for people who buy from the individual market would be rising next year by between 50 and 67 percent.
"Ultimately … the reality is the Affordable Care Act is no longer affordable for an increasing number of people," the DFL Gov. Dayton said on Wednesday, according to the Pioneer Press. "We’re going to need both state and federal governments to step in and do what they need to do to remedy these problems."
According to the Associated Press, Dayton is the first Democratic governor to publicly criticize President Obama's landmark health act.
The individual market accounts for just 5 percent of Minnesotans – those who don't get their insurance from their workplace health plan or the government – but the Affordable Care Act was created to provide access to affordable health plans for those who were falling through the cracks.
Now those who buy their plans directly from insurance companies or through Minnesota's health insurance exchange MNSure have been dealing with big price hikes, which insurers blame on the poor health of many of those signing up and rising drug costs.
MNSure did point out that many of the people who buy through the health exchange wouldn't see significantly increased premiums, because more people would qualify for tax credits that brings down the net cost.
Republican candidate Donald Trump has vowed to repeal the ACA if he gets elected in November and instead allow health insurers to operate across state lines.
Democratic opponent Hillary Clinton will maintain the spirit of it but plans to "fix it" by reducing the costs of drugs and offering more help to people who are struggling to pay their premiums or out-of-pocket costs, CNBC reports.