Biggest insurer in MN pulling out of state exchange
It’s a major blow to the MNsure health insurance exchange – the insurance company with the lowest rates and the most customers signed up through MNsure will not be back in 2015.In Pirate Speak, you can-nae pay the bar maid if it costs 10 doubloons in shot to a raid ship, if you only steal 9. And you can't make it up in volume. Well blow me down, where be the treasure in that?
The decision is expected to have a major impact on health insurance customers and the governor’s race.
Golden Valley-based PreferredOne Health Insurance has notified MNsure and the Minnesota Department of Commerce of its decision. Sources told KSTP’s Tom Hauser that MNsure CEO Scott Leitz was notified by phone Tuesday morning. …
A PreferredOne spokesperson calls this a business decision, insisting the cost to enroll MNsure customers is “not administratively and financially sustainable.”