tyroneweaver
Platinum Member
Minnesota s Biggest Obamacare Insurer Drops Out Over Costs The Daily Caller
Liberalism fails every-time it's tried.
Liberalism fails every-time it's tried.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Minnesota s Biggest Obamacare Insurer Drops Out Over Costs The Daily Caller
Liberalism fails every-time it's tried.
“That’s a huge blow to MNsure,” said Allan Baumgarten, an independent Twin Cities health care analyst.
Baumgarten said PreferredOne appeared to make a calculated gamble that its low premium prices would bring in enough business to enable it to cover an influx of new enrollees, even if they turned out to be sicker.
That strategy helped PreferredOne, the smallest of the five major carriers in the Twin Cities, to grab significant market share from its bigger competitors......................
Officials with the Golden Valley insurer declined to further explain why selling through the MNsure marketplace starting Nov. 15 no longer makes business sense to them.......................
PreferredOne, founded in 1984, has only recently moved into the individual market, with its bread and butter traditionally coming from large and small businesses.
Interestingly enough, they had considerably lower premiums than any of the other insurers and they had no history of personal health insurance.
It looks like they took a gamble on securing a large customer base with low premiums and miscalculated.
That's the free-market I guess.
Company gambles, company fails.
That's the free-market I guess.
That's the free-market I guess.
Well, the "free market" in health care has been completely distorted and mangled by bureaucracy. There may be no "free market" further from a free market than health care.
That said, I agree, if these guys just popped in to give it a shot, this is no surprise. Makes me wonder how much due diligence the state did on the company before it allowed them to participate.
Paid off pols, perhaps? Who knows.
.