PreferredOne grabbed market share, then jumped ship

logotamnTakeAction Minnesota, a statewide people’s network of individual and organizational members working together to motivate people to act publicly in order to advance economic and racial equity in our state released this statement following the announcement that PreferredOne is severing its relationship with MNsure:

“Today’s decision by PreferredOne to pull out of MNsure should serve as a reminder that depending on private, for-profit insurers for one’s health care is like building a house on shifting sand. We doubt it comes as a surprise to health care consumers that a big carrier would jump onto a vehicle like MNsure in order to grab significant market share only to jump ship a year later. Families and small businesses are all too used to annual rate increases and getting left high and dry by big health insurers. This is standard operating procedure for corporate insurers and one significant challenge to providing stable and reliable health care for Minnesota families.

“This year, however, consumers can face these kinds of unpredictable changes knowing they have new protections like tax credits and out of pocket spending limits, no denial or overcharging for pre-existing conditions, and basic preventative care benefits whatever plan they choose. Many more Minnesotans qualified for MinnesotaCare and are even further protected from this kind of behavior.”

TakeAction Minnesota has offices in St. Paul, Duluth and Grand Rapids.

September 23, 2014
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