Posted on 09/16/2014 3:09:45 PM PDT by TurboZamboni
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.
(Excerpt) Read more at finance.yahoo.com ...
But what about hope and change, and this will definitely affect women and minorities hardest, and why isn’t anybody thinking about the children?
That's why the CPUSA and the Democrats will have to use the threat of force to keep these companies from leaving.
Absolutely predictable. Unless Obama has figured out how to cheat on the subsidies to the insurance carriers (always a possibility) the government will not cover all losses.
Given that as a fact going forward here is the advice given by your typical Insurance Company Financial Vice President:
Financial VP: We lost money last year and so we are going to have to raise our prices since the government won't cover all our loses. That will cause us to lose customers. Fewer customers and, well, we'll have to raise prices some more. Oh, that means even fewer customers and so prices will have to go up a bit more. But that means ...
CEO: Get me out of here. Close it down.
If the Republicans had any balls, they’d use the next 7 weeks to pummel this fact into the electorate’s heads and defeat Al “Diaper Boy” Franken.
Bwahahahahahahahahahahahaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa. I hope all effected voted for DIMs/LIBs.
They are! This will just help push things along to single payer which has been the goal all along! The kiddie’s will get all the benefits of government run health care with the efficiency of the DMV and the compassion of the IRS. You’ll also get the added bonus of rationing and tiers of care based on your racial background and political status!
Don’t worry though the Republicans have been running on repealing Obama Care, no wait they’ve been running on.....working with democrats and getting things done in Washington!Send you check now this election cycle is crucial just ask Karl!
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