Insurers in Minnesota's individual market want to reduce their premiums next year by 7–12%, according to the Star Tribune.

Why it's happening: Minnesota is one of just three states — along with Alaska and Oregon — with federally approved reinsurance programs in place, though more are in the works.

• Via the Star Tribune: "Jim McManus, a Blue Cross spokesman, said that were it not for the state’s reinsurance program, the carrier’s Blue Plus HMO would be seeking an average individual market premium increase of 4.8 percent as opposed to the 11.8 percent decrease" the state released Friday.

Meanwhile: Proposed rates in Michigan also aren't looking too bad, according to Crain's Detroit Business. The dominant insurer in the state, a Blues plan, is seeking an average 4.2% hike. (Michigan does not have a reinsurance program.)

• Oscar has also announced that it plans to enter the markets in part of Michigan next year.