News

Night Read (Minnesota): Medica offers innovative product; lays off workers

Medica Encore is targeted at the pre-retirement boomer generation ages 50 to 64 who lack traditional health coverage through employers or other group sponsors, the company says.

Here are some news/notes from a day in MedCity, Minnesota:

In what it describes as a first-of-a-kind health insurance product in Minnesota and perhaps the nation, Minnetonka-based Medica is offering a non-group policy that any two individuals can purchase together, whether they are related or not, according to MinnPost.

Medica will lay off about 150 workers as part of a plan to trim administrative costs, according to the Minneapolis-St. Paul Business Journal.

Sen. Kathy Saltzman (D-Woodbury) is continuing to work with a counterpart in Wisconsin to try to revive a longstanding income-tax reciprocity agreement between the two states, according to Politics Minnesota.If the two states can kiss and make up, that give hope to proponents of an angel investment tax credit in Minnesota, who hope to one day apply a reciprocity agreement to angel credits between the Gopher and Badger states. Assuming, of course, that Minnesota will ever pass an angel tax credit.

Blue Cross Blue Shield of Minnesota awarded its “Blue Distinction Center” recognition to six Allina Hospitals & Clinics  facilities, including Abbott Northwestern Hospital in Minneapolis, United Hospital in St. Paul, and Mercy Hospital in Coon Rapids, for their work in spine surgery and knee and replacements.

“Blue Distinction puts a high value on research and evidence-based health and medical information,” Dr. Allan Korn, Blue Cross and Blue Shield Association Chief Medical Officer, said in a statement. “Blue Distinction Centers show our commitment to working with doctors and hospitals in communities across the country to identify leading institutions that meet clinically validated quality standards and deliver better overall outcomes in patient care.”