Here's a small item of news today: Blue Cross/Blue Shield of Tennessee pulled out of the Obamacare exchanges for the three largest markets in that state. That's pretty bad, but here's the kicker. BC/BS of Tennessee had first filed for a premium increase for 2017 of 62% and it was granted by the state. Federal review was still pending, but the company pulled out of the markets to avoid expected losses.
Think about that. A sixty two percent increase was not enough to keep Blue Cross/Blue Shield selling policies. Remember, BC/BS is a non-profit organization. When you hear about the evil insurers who put profits before patients, that does not include BC/BS. That company does not make profits for shareholders; it has no shareholders.
The losses that Obamacare is generating for insurers are just too great for that law to survive. Obama has not proposed any changes to Obamacare that might rescue the law. Hillary Clinton only wants to expand it, something that will just bring the total collapse of health insurance around the country more quickly.
Want to bet that the moderator in tonight's debate doesn't ask about the impending Obamacare disaster?
Think about that. A sixty two percent increase was not enough to keep Blue Cross/Blue Shield selling policies. Remember, BC/BS is a non-profit organization. When you hear about the evil insurers who put profits before patients, that does not include BC/BS. That company does not make profits for shareholders; it has no shareholders.
The losses that Obamacare is generating for insurers are just too great for that law to survive. Obama has not proposed any changes to Obamacare that might rescue the law. Hillary Clinton only wants to expand it, something that will just bring the total collapse of health insurance around the country more quickly.
Want to bet that the moderator in tonight's debate doesn't ask about the impending Obamacare disaster?
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