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We've already had a few providers pull out of the exchange of this supposedly amazing healthcare program. I find it interesting how the views on the ACA changes, depending on what is happening at the time. There was a lot of criticism and distancing language during the campaign season. Not many wanted to be associated with it. Then we had the horribly crafted Republican plan but the ACA was painted as an amazing program and how Republicans wanted to shoot sick people down in the streets for repealing such a wonderful thing.
As has been stated, the costs are going to continue to be prohibitive and we'll continue to see the trend of insurers dropping out.
Daily Wire
As has been stated, the costs are going to continue to be prohibitive and we'll continue to see the trend of insurers dropping out.
Daily Wire
Two more insurance companies have announced that they will leave Obamacare's failing exchanges.
On Monday, The New York Times reported that Wellmark Blue Cross and Blue Shield announced their intention to leave Iowa's Obamacare exchange next year because they lost $90 million in three years due to most of their enrollees having "expensive medical conditions."
"Finding solutions to stabilize this market is in the best interest of all Iowans, including providers of health care and insurance carriers,” Wellmark Chairman and CEO John Forsyth said in a statement. "No one really benefits from rising costs. While there are many potential solutions, the timing and relative impact of those solutions is currently unclear. This makes it difficult to establish plans for 2018."
....
On Friday, it was reported that Anthem Inc. is poised to leave most of the Obamacare exchanges, as they had lost $374 million last year. This is a significant development because, as Guy Benson pointed out at Townhall:
"Thanks to Obamacare's slow-motion implosion, just one single provider remains as a "choice" for consumers who live in roughly one-third of all US counties. In many of those places, Anthem has been that last holdout insurer, which is now reportedly about to end in 2018. Millions of Americans could be left with zero marketplace options, as the planned withdrawal of the last remaining US healthcare giant from most areas marks the latest sign that Obamacare is an unworkable actuarial nightmare."