About 200,000 people in the state with health insurance through the exchanges should see lower rates, now that Wisconsin will offer a reinsurance program.
The state will take on the risk of claims, ranging between $50,000 and $250,000.
Governor Walker announced the program yesterday.
J.P. Wieske is the deputy commissioner for the Wisconsin Insurance Commission. He says the estimates on how much people will save will come out Wednesday.
Wieske says the state’s costs under the five-year program would be $34 million a year. The federal government will pay $166 million.