McFadden: Franken’s Deciding Vote On Obamacare Catastrophic For Minnesotans

by Sarah Oliver | Sep 16, 2014 | 

Eagan, Minn. – After Golden Valley-based PreferredOne Health Insurance announced that they will not be participating in the MNsure health insurance exchange again in 2015, U.S. Senate candidate Mike McFadden (R-MN) released the following statement on the failure of Obamacare to address our nation’s health care problems. McFadden is challenging Senator Franken (D-MN).

“This is a catastrophic failure of Senator Franken and President Obama’s health care law; fifty-nine percent of individual exchange enrollees were enrolled in PreferredOne plans. 140,000 Minnesotans already lost their health insurance, and now more are losing their insurance just a year into Obamacare, which Senator Franken cast the deciding vote for in the Senate.” said McFadden. “This is yet another example of Senator Franken failing to serve Minnesotans by following in lockstep with the President.”

Today KSTP reported that PreferredOne, which offered the lowest individual market rates on MNsure, made a “business decision” to no longer offer health insurance on the exchange in 2015. PreferredOne cited that offering insurance on MNsure is “not administratively and financially sustainable going forward.”

“My heart goes out to Minnesotans who will lose their coverage or subsidies because of PreferredOne’s decision to stop offering insurance on MNsure in 2015,” McFadden said. “We have a health care problem in this country, but this shows that Obamacare is not the right solution. Minnesotans continue to lose coverage and will likely face higher rates because of the failure of this program. Senator Franken built this program. I will work tirelessly to build a health care system that actually works.”

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