You, the DFL voter, wanted a government-managed healthcare market? You got it!
Health insurers are hiking premiums and limiting enrollment in Minnesota’s individual market next year, with regulators saying the emergency measures were needed to avert a market collapse.
The moves are a clear sign that the market for some 250,000 people who buy coverage for themselves is dysfunctional and needs reform, said Commerce Commissioner Mike Rothman during a Friday news conference.
While rate increases of more than 50 percent aren’t fair to consumers, Rothman said, things could have been worse. He described a period this summer when all health insurers in the state seemed prepared to abandon that segment of the market.
Elections have consequences; as former New York mayor Ed Koch put it, “the voters have spoken, and now they must accept the consequences”.
It’d be nice if those consequences didn’t botch up everyone else’s life.