ObamaCare's Meltdown Has Arrived
With insurers pulling back, half of Tennesseans covered under the plan are losing their coverage.
By Andrew Ogles and Luke Hilgemann, The Wall Street Journal
Tennessee is ground zero for ObamaCare’s nationwide implosion. Late last month the state insurance commissioner, Julie Mix McPeak, approved premium increases of up to 62% in a bid to save the exchange set up under the Affordable Care Act. “I would characterize the exchange market in Tennessee as very near collapse,” she said.
Then last week BlueCross BlueShield of Tennessee announced it would leave three of the state’s largest exchange markets—Nashville, Memphis and Knoxville. “We have experienced losses approaching $500...