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]
With the federal budget now officially a non-issue until 2015, 2014 – in particular the midterm elections that will animate it – is shaping up to be the year Republicans finally give voters an ObamaCare alternative.
That is, unless Democrats succeed in convincing a minority of GOP members to help fix the broken health care law.
The electoral consequences of ObamaCare’s disruption of the health insurance market look grisly for Democrats. Prior to the law’s passage, 85 percent of Americans had health insurance. On January 1, 2014, thanks to millions of canceled policies…
"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]