The business is in trouble when I get solicited by 2 discount medical plans (UHC and SingleCare), and an agent who said he can get me into my local CVS to man a table for medicare OE.
Everyone's reaching deep into the barrel to avoid or replace ACA products. With the demise of ACA, discount medical plans will once again, rise from the dead, and go back to pre-ACA plan confusion.
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Don't worry, an "implosion" is defined in the lib handbook as a rate increase of 75% or more. Not quite there yet, so don't misconstrue the facts.
Tennessee approves costly health exchange price hikes for state's biggest insurers | Times Free Press
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I'm talking about the truth being spoken in TN below.
Coming (or arrived) to a state near you.
Tennessee insurance commissioner: Obamacare exchange 'very near collapse'
Everyone's reaching deep into the barrel to avoid or replace ACA products. With the demise of ACA, discount medical plans will once again, rise from the dead, and go back to pre-ACA plan confusion.
----------
Don't worry, an "implosion" is defined in the lib handbook as a rate increase of 75% or more. Not quite there yet, so don't misconstrue the facts.
Tennessee approves costly health exchange price hikes for state's biggest insurers | Times Free Press
Tennessee regulators have approved the full amount of the rate increases requested by the three health insurers still offering exchange plans under ObamaCare, pushing up rates by the biggest amount since the program began three years ago.
BlueCross BlueShield of Tennessee, the state's biggest health insurer, will raise individual rates by 62 percent in 2017, or nearly double the 36 percent rate increase adopted this year by BlueCross. Small group rates in the marketplace exchange will rise by only 6.5 percent, however.
Cigna got state approval to raise its individual rates for its ObamaCare plans by 46.3 percent, while Humana got the OK for a 44.3 percent jump in premiums for individual plans next year.
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I'm talking about the truth being spoken in TN below.
Coming (or arrived) to a state near you.
Tennessee insurance commissioner: Obamacare exchange 'very near collapse'
Tennessee's insurance regulator approved hefty rate increases for the three carriers on the Obamacare exchange in an attempt to stabilize the already-limited number of insurers in the state.
The rate approvals, while a tough decision, were necessary to ensure that consumers around the state had options when open enrollment begins in November, said Julie Mix McPeak, commissioner of the Tennessee Department of Commerce and Insurance. BlueCross BlueShield of Tennessee is the only insurer to sell statewide and there was the possibility that Cigna and Humana would reduce their footprints or leave the market altogether.
"I would characterize the exchange market in Tennessee as very near collapse ... and that all of our efforts are really focused on making sure we have as many writers in the areas as possible, knowing that might be one. I'm doing everything I can to prevent a situation where that turns to zero," McPeak said to The Tennessean