Minnesota Commissioner Slams Obamacare As “Unfair & Unsustainable” As Rates Soar
by Tyler Durden
ZeroHedge.com
Oct 1, 2016
Soaring Obamacare premiums and declining insurer participation rates in exchanges across the country have been a frequent topic of conversation for us (see “Obamacare On “Verge Of Collapse” As Premiums Set To Soar Again In 2017″ and “Stunning Maps Depict Collapse Of Obamacare “Coverage” In 2017″). So it should come as no surprise to our readers that Minnesota has just announced that 2017 Obamacare rates have been set and are expected to soar nearly 60% on average.
Minnesota Commerce Commissioner Mike Rothman posted a letter to the state’s website saying that the state succeeded in preserving the exchanges for one more year by agreeing to massive rate hikes but warned they are on the “verge of collapse.” The letter goes on to describe Minnesota’s healthcare rate environment as “unsustainable and unfair” and notes that “middle-class Minnesotans” are being “crushed by the heavy burden of these costs.”
The Rest…HERE
