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Yet Another Obamacare Success!

Posted on 9/19/14 at 10:16 pm
Posted by Taxing Authority
Houston
Member since Feb 2010
57383 posts
Posted on 9/19/14 at 10:16 pm
LINK

quote:

The "Blue Ox" of Minnesota Obamacare is calling it quits.

PreferredOne, the insurer that sold nearly 60 percent of all private health plans on Minnesota's Obamacare exchange, on Tuesday said it would leave that marketplace. PreferredOne's plans were the lowest-cost options on that exchange, known as MNSure.

PreferredOne cited the costs of doing business on MNSure as the reason for its surprising decision, saying that selling plans is "not administratively and financially sustainable going forward," according to KSTP.com, the website of that Minnesota TV News network.

"Our MNsure individual product membership is only a small percentage of the entire PreferredOne enrollment but is taking a significant amount of our resources to support administratively," a company statement obtained by KSTP said. "We feel continuing on MNsure was not sustainable and believe this is an important step to best serve all PreferredOne members."


Ouch. Whowaddathunk?
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69366 posts
Posted on 9/19/14 at 10:21 pm to
Posted this a few days ago, but it's not good for a lot of Minnesotans.
Posted by Asgard Device
The Daedalus
Member since Apr 2011
11562 posts
Posted on 9/19/14 at 10:40 pm to
They couldn't keep overhead at or below 20%?
Posted by LSURussian
Member since Feb 2005
126965 posts
Posted on 9/19/14 at 10:41 pm to
Unpatriotic?
Posted by catnip
Member since Sep 2003
16342 posts
Posted on 9/20/14 at 7:32 am to
They will still vote dem hoping one day a miracle occurs and it actually works. It will when everyone is dead.
Posted by lsuroadie
South LA
Member since Oct 2007
8401 posts
Posted on 9/20/14 at 7:41 am to
of course TT9 and the other rubes will stay faaaaaaarrr away from this thread.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71383 posts
Posted on 9/20/14 at 7:51 am to
quote:


Ouch. Whowaddathunk?


Why do you hate women?
Posted by mmcgrath
Indianapolis
Member since Feb 2010
35471 posts
Posted on 9/20/14 at 7:58 am to
quote:

Ouch. Whowaddathunk?
I don't know. Are you going to start a thread every time an insurer changes their plans as if this never happened in the history of insurance before the ACA?
Posted by asurob1
On the edge of the galaxy
Member since May 2009
26971 posts
Posted on 9/20/14 at 11:15 am to
Good. Soon these 21st century robber barons will all be out of business and we can get to a decent national health care plan!
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