The largest player on Minnesota’s ObamaCare exchange is dropping out, and not even the promise of federal subsidies can get it back.
Earlier today PreferredOne – an insurance company that covered 59 percent of Minnesota’s ObamaCare population – announced that it will not offer health care plans next year paid for with ObamaCare subsidies.
Apparently, the decision is being driven by high administrative costs associated with doing business with MNsure. Even after hiring an additional 50 workers to handle the exchange’s post-launch fixes and tweaks, PreferredOne says continuing to participate is financially unsustainable.
The move makes it likely that MNsure’s ObamaCare rates will jump since PreferredOne sold the lowest cost option. Those rates will be released sometime in…[more]
Former New York Governor Mario Cuomo famously said “You campaign in poetry; you govern in prose.” He can be forgiven the sentiment, because he uttered it in 1985, before the world knew of Barack Obama.
What Cuomo meant is that candidates out on the stump are inevitably going to sell sweeping, romantic notions of what their time in office will look like. Once they assume the responsibilities of their station, however, they have to take reality as they find it — a process that is often complex, messy and unsatisfying.
No one seems to have shared this insight with our current president…
"We have as close to a national consensus as possible in the war against ISIS. Polls show the public wants strong measures. ... And yet Congress can’t bring itself to vote to authorize military action. President Obama doesn’t want to ask for an authorization and Congress doesn’t want to be asked. Who says that no one can get along in Washington? When it comes to evading democratic…[more]