This disaster foisted upon us by the Democrats and allowed to fester by the Republicans. For seven years it was an experiment in failure, a death-watch with us as its guinea pigs. Now Congress sits and fights as though they had no idea this was coming.
In the meantime, Congress kept its waiver, as I’m sure this cancer was meant only for the “little people.” One thing President Trump can do while Congress sucks its thumb is reverse their ObamaCare waiver and force Congress Critters and their staffs onto the menace immediately.
The president then must do everything he possibly can to excise this scourge from the country. And I don’t mean re-working it.
Knoxville, TN could be the first city in the U.S. where Obamacare completely collapses, leaving tens of thousands of people without the option to buy a subsidized insurance policy.
Humana, the city’s only remaining insurance provider on its Obamacare exchange, announced it is exiting the market in 2018. If that happens, Knoxville citizens will be in a rough spot. Unless another insurance provider fills Humana’s place, some 40,000 people in the Knoxville area will likely be left without the option to purchase an Obamacare-subsidized insurance policy, CNN reports.
Knoxville is illustrative of one of the main problems with Obamacare: It doesn’t promote market-based competition. Insurers pull out of marketplaces where it is not cost-efficient for them to provide services, and, as a result, consumers are left with fewer options at higher prices.
Tennessee is one of the largest casualties of the current health care system. Three insurers have pulled out of the state entirely, the state’s co-op failed and premiums continue to skyrocket annually by double-digits. Tennessee’s health commissioner has all but given up, describing the state’s health care system as “very near collapse.”
As it stands, insurance providers have until July 1 to let state authorities know what plans they will provide, if any, on the exchanges in 2018. State officials expect a formal announcement from providers within two months.
Knoxville citizens would still have the option of purchasing insurance on the private marketplace. Without the Obamacare subsidy to purchase insurance, it is unclear how many consumers would choose to participate in the private insurance market.