The options were obtained by Fairview as part of a loan it provided to PreferredOne in October 2014, according to the report. However, Fairview did not divulge any specifics about if or when it would exercise the option.
PreferredOne received national attention for offering health plans with some of the lowest premiums in the country in 2014, according to the report. However, the insurer decided not to continue offering coverage through Minnesota’s Patient Protection and Affordable Care Act exchange, MNsure, in 2015 and increased premiums substantially on 2015 individual market plans. Both decisions, the report notes, came after PreferredOne sustained losses in the market for individuals who purchase non-group coverage.
More articles on payer issues:
Surplus of blame, shortage of trust: healthcare, heal thyself!
Neighborhood Health Plan will stay with Partners HealthCare
UnitedHealth posts $1.4B profit for Q1
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
