MN HF2290

Creates the Minnesota Insurance Marketplace as a state board to operate a health insurance marketplace for individual and small group markets, with operations to be ready by January 1, 2014.

Establishes a 19-member board of directors including consumer representatives, legislative appointees, subject matter experts, and three state commissioners (commerce, health, and human services) to govern marketplace operations.

Authorizes the marketplace to contract with entities, establish navigator programs to assist consumers with enrollment, enter into data-sharing agreements with agencies, and seek funding from government and private sources.

Requires all health carriers in individual and small group markets to offer at least one plan at each actuarial value level and make all marketplace plans available outside the marketplace to promote fair competition.

Mandates progress reports to the legislature by March 15, 2013, and annual reports thereafter detailing marketplace operations, performance, and budget activities.