MNsure Continues to Disappoint
Although MNsure is reporting it has met revised enrollment goals with 169,000 sign ups, the exchange has failed to reach several critical milestones by the March 31 deadline.
More than half enrolled through the exchange signed up for Medical Assistance. A tax on private plans is how MNsure intends to fund the exchange going forward, and with only 47,000 private insurance sign ups, they are more than 80 percent below their original goal.
Every Minnesotan must now be covered, and there will not be an open enrollment again until November of this year. Minnesota families of four will have to pay a $285 penalty for being unable to purchase insurance by the deadline, and starting in 2016 that penalty will increase to $695 per person. MNsure estimates that around 50,000 people will be fined by the IRS this year.
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