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]
While his foreign policy disasters accumulate, Barack Obama should be eager to seek domestic compromise to salvage his disastrous presidency.
Recall that Bill Clinton strived to rescue his presidency, which was otherwise distinguished by early incompetence and the fact that he’s one of only two presidents to be impeached, via compromise with his political opponents. As a result, the nation witnessed a balanced budget, welfare reform, rising prosperity and the dawn of the Internet Age.
Obama, however, continues to pursue an opposite path, one that promises to doom his legacy…
"For Obama, a successful counterterrorism strategy is one that simply saves him from having to talk about terrorism. That’s the approach that led to the rise of the Islamic State. As for the 'success' in Yemen, on Monday the Wall Street Journal reported: 'Scores of al-Qaeda militants have moved into Yemen’s capital Sanaa in an attempt to exploit swelling political unrest and destabilize…[more]
—Jonah Goldberg, National Review Online Editor-at-Large
— Jonah Goldberg, National Review Online Editor-at-Large