Not what one would have preferred

So you went on the MNSure exchange last year and picked PreferredOne, because it was reasonable? Well, if you stay with them, not this year:

Sticker shock awaits thousands of people with health coverage through PreferredOne, the top seller on the MNsure exchange during its first year.

The Golden Valley-based insurer said Wednesday that its individual market subscribers will see an average premium increase next year of 63 percent due to high claims costs.

“Given the volatility of the individual marketplace due to the first year of the [federal health law], this increase is a significant step at stabilizing our rates and plans for the years to come,” the company said in a statement.

The announcement represents a startling turnaround for an insurer that offered some of the lowest premiums anywhere in the country in 2014.

If you wondered why the gubmint could claim MNSure rates were only going up 4.5% or so, this is why -- the dominant player in the exchange for this year is taking huge rate increases, but is no longer part of the exchange.

Guess we'd better start talking about Adrian Peterson or Ebola or something instead.