Study finds health care changes will produce small gain for MN budget

When the health care law's changes are complete, Minnesota will get more tax revenue from some sources and less from others. But the net result, legislative researchers say, will be a gain of $42 million over five years. Republican Congressman Erik Paulsen thinks that slight gain will be overshadowed by job losses he fears will follow a new tax levied on medical device makers.
Author:
Updated:
Original:

When the health care law's changes are complete, Minnesota will get more tax revenue from some sources and less from others. But the net result, legislative researchers say, will be a gain of $42 million over five years. Republican Congressman Erik Paulsen thinks that slight gain will be overshadowed by job losses he fears will follow a new tax levied on medical device makers.

Next Up

Sergio Romo

Twins decline 2021 option on Sergio Romo

The Twins begin a potential overhaul in the bullpen.

high school football

'Scalpel approach' gives MN schools chance to keep playing sports

County infection rates are no longer the only thing that matters.

CJ-AHyggeHoliday-Photo2

With the help of HVAC, Circus Juventas will host its first holiday shows

After months of canceled classes and shows, Circus Juventas is hosting its first ever holiday show, with safety precautions.

Cameron Dantzler

Vikings send Cameron Dantzler to COVID-19/reserve list

Dantzler's placement leaves the Vikings paper-thin at cornerback heading into Green Bay.

peterson fischbach

Elections 2020 preview: 7th Congressional District

Will Collin Peterson hang on for yet another term?

Zimmer and Hunter

Zimmer explains why he called Hunter's neck injury a 'tweak'

The coach also said Dalvin Cook should return from injury this week.

magazines

60 charged in magazine scam that netted $300M

It's being called the largest elder fraud scheme in the country.

Screen Shot 2020-10-28 at 10.30.23 AM

The Star Tribune is shutting down City Pages

The free newspaper was bought by the Star Tribune in 2015.

billy's on grand

Coronavirus: Billy's on Grand will close for winter

The restaurant is among a growing list of eateries to close for the winter months.

Related

Bill would end 'use-it-or-lose-it' rule for FSA health care accounts

Republican Minnesota Rep. Erik Paulsen has sponsored legislation that would overturn a rule that stops many people from signing up for flexible spending accounts. FSA contributions which can boost your income because they aren't taxed, can be used for many medical expenses, but those contributions must be used before the end of the year, or they disappear.

Dayton announces health care bidding change as first shot at government reform

Governor Mark Dayton’s administration is launching a new competitive bidding process for state health insurance providers. It’s part of a series of changes Dayton says is a comprehensive reform process to make state government more efficient. Dayton says the bidding overhaul will save a half-billion dollars--but that money is already mostly accounted for in the two-year budget.

Polaris sees big gains in sales and profits

The company says next year could be tough because of the struggling economy but said that shouldn't hold it back from seeing even more gains.

Minnesota stocks gaining ground

Even before the Fed made its big announcement last week that it would try to juice the economy by buying large quantities of mortgage bonds, most of Minnesota's biggest companies were gaining ground, the Star Tribune reports. Total return for the Bloomberg-Star Tribune 100 index of Minnesota stocks was up 13.8 percent through Friday, with 65 gainers and 33 losers, the newspaper reported.

Report finds Minnesota struggling to gain ground against foreclosures

A report from the McKnight Foundation finds the number of foreclosures prevented by housing agencies and advocacy groups is going up. But not quite as fast as the number of foreclosures.