Tennessee insurance commissioner: Obamacare exchange 'very near collapse'
Commissioner Julie Mix McPeak signed off on hefty premium hikes in an extraordinary bid to keep the program afloat.
from FB-RSS feed for Stop Obamacare Expansion in Oklahoma http://www.tennessean.com/story/money/industries/health-care/2016/08/23/insurers-get-approval-for-2017-obamacare-rates/89196762/
Friday, August 26, 2016
Last week, Tennessee officials warned the Obamacare exchange in that state is "near collapse" as they were forced to sign off on massive premium increases. Turns out even a big company can't lose $500 million in three years and just take it in stride. (And thank Congress for blocking the Obama Administration's insurance company bailout scheme to paper all this over with more federal debt.)
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