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Message
Main Minnesota insurer leaves the ACA exchange
Posted on 9/16/14 at 5:15 pm
Posted on 9/16/14 at 5:15 pm
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.
LINK
Not much of a surprise. Minnesota reported some of the lowest premiums in the nation and proponents of the ACA held it up as proof that the exchanges could lower healthcare premiums. Of course, it would appear as though PreferredOne not only priced their plans too low, they're finding the people who signed up via the exchange (often with expensive pre-existing conditions) are not profitable to insure.
This post was edited on 9/16/14 at 5:18 pm
10
Posted on 9/16/14 at 5:16 pm to HailHailtoMichigan!
what a dump pile
Posted on 9/16/14 at 5:24 pm to HailHailtoMichigan!
quote:
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
Why would they leave the exchange? Why not just raise prices and remain
Posted on 9/16/14 at 5:27 pm to HailHailtoMichigan!
State law in Minnesota doesn't allow them to cancel plans for atleast one year.
But they can raise the deductibles to 50 grand.
But they can raise the deductibles to 50 grand.
Posted on 9/16/14 at 5:30 pm to HailHailtoMichigan!
Haven't kept up with the rollout saga lately, but this quote looks bad:
Hope nobody who had those plans liked them.
quote:
"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.
Hope nobody who had those plans liked them.
Posted on 9/16/14 at 5:33 pm to HailHailtoMichigan!
Evidently, PreferredOne's lifetime was limited.
Posted on 9/16/14 at 5:39 pm to HailHailtoMichigan!
Posted on 9/16/14 at 5:42 pm to HailHailtoMichigan!
Where is Rex, Draconian Sanctions, Vegas Bengal, EthanL, and SpidermanTUba to explain this shite?
They said this couldn't happen, now WHERE THE HELL ARE THEY?
Admins, if none of these traitorous sons of bitches show up to explain themselves within the next 30 minutes, I recommend permanent banishment and castration effective immediately.
They said this couldn't happen, now WHERE THE HELL ARE THEY?
Admins, if none of these traitorous sons of bitches show up to explain themselves within the next 30 minutes, I recommend permanent banishment and castration effective immediately.
Posted on 9/16/14 at 5:48 pm to HailHailtoMichigan!
is there where we move forward?
Posted on 9/16/14 at 6:13 pm to HailHailtoMichigan!
This news is an ersatz "death panel" for Al Franken.
Posted on 9/16/14 at 6:25 pm to HailHailtoMichigan!
The insurance companies backing out and not playing ball is just part of the plan. That's when we get single payor.
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