On Tuesday, the Daily Caller reported that the largest healthcare insurance company (with the lowest premiums) is dropping out of Minnesota’s ObamaCare Exchange because the government health-exchange is unsustainable.
The article reports:
PreferredOne Health Insurance told MNsure, the state-run exchange, Tuesday morning that it would not continue to offer its popular insurance plans on the marketplace in 2015. It’s “purely a business decision,” spokesman Steve Peterson told KSTP-TV. The company is losing money on administrative costs for plans offered on the bureaucratic and glitchy government exchange.
Part of the problem, according to PreferredOne, is that MNsure hasn’t even been able to verify its customers’ information. PreferredOne said that some of its customers have turned out not to even live in Minnesota.
Insurers are required to accept customers who’ve been approved by the exchange for coverage, but states and the federal government have been struggling for months to determine which applicants are actually eligible for the benefits.
Americans were told that if they liked their health insurance, they could keep it. Now people in Minnesota have lost their health insurance twice under ObamaCare and are facing large rate increases this fall. Can we please elect people to Congress who will make this monstrosity called ObamaCare go away. Enough is enough.