Thread: BREAKING: First US City Set To For Complete Collapse Over Obamacare [VIDEO]

April 5, 2017 By Kirsty Jane

BREAKING: First US City Set To For Complete Collapse Over Obamacare [video]

Knoxville, Tenn., 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.

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From Daily Caller

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.
To help struggling consumers in their state, Sens. Lamar Alexander and Bob Corker of Tennessee put forth legislation that would allow consumers to use Obamacare subsidies to purchase any state-approved insurance plan on the private marketplace. If the bill passes, it would remain in effect through 2019.

Governor Bill Haslam's hometown, with lots of illegal aliens who were found on TennCare and who stress hospitals in the state. The governor is also encouraging refugees from Syria to come to the state so Tennesseans can help subsidize their lives. His latest crusade is to pass in-state tuition for thousands of illegal aliens, violating state law and aiding and abetting this population.


https://www.alipac.us/f12/tenncare-cost-illegals-34296/

Why couldn't the people in Knoxville already buy any state-approved plan on the exchanges with whatever Obamacare subsidy they qualified for? I thought they already had a choice of any plan on the Obamacare exchanges and already could use their subsidy to purchase any of those plans?

Strange set-up. Well, not really when you consider the whole Obamacare deal was to let the insurance companies make money off of someone who couldn't afford the policy to begin with. That's why all the insurance companies were "stakeholders", controlled the plan and looks like shot themselves in the foot with their own misguided greed deciding to partner up with Obama instead of the customers who actually feed them.

Good news on the Republican plan. I posted the news on another thread. The House of Representatives passed the repeal of McCarran as it applies to health insurance. They did this with an historic vote of 416-7. That bill, HR 372 is in the Senate Judiciary Committee now and hope it speeds along. This was already done on March 22 by the House, BEFORE the March 23 vote on the Phase 1 bill that was pulled due to lack of support by the Freedom Caucus. Another bill HR 1101 was also passed the House on March 22 that prohibited any state from barring insurance policies offered by business associations that can help small businesses and entrepreneurs to obtain insurance as a group at a group rate. That bill passed the House 236 to 175.

The next three bills to expand Health Savings Accounts, Lou Barletta's bill to prevent tax credits for health insurance going to illegal aliens, and the bill to allow Medicare to negotiate drug prices should be coming up soon.

Many, many healthcare companies have already gotten out of the business since Hillarycare failed, but our government put many of her 'mandates' into place. This kept some companies from being able to offer differing policies and kept the people from being able to make their own choices about the coverage they needed - or wanted.

Now that our federal government is going to control insurance companies and the people will have no say (let's be honest), I think more and more will exit.

Then we will be left to the tender mercies of our lawmakers - who, we can bet, will not be a part of the same 'system' they devise for us.

Some of these 'business associations' were a good thing. It is nothing more than a group of small businesses getting together to get a group rate and the benefits of group coverage. Many of these, though, have been shown to be scams and people ended up worse off than before.

For this reason, I see no problem with states putting in place certain guidelines for these associations.

Yes, I understand this state has been harshly impacted by not only illegals, but then 'refugees'.

This should actually show the people what is causing the problem with our healthcare, and so much else that is going wrong in this country.

We don't need a government healthcare plan - we need a national cleansing. Unless and until we get that - nothing will get better. Our politicians can sit up there and pretend and palaver and flim flam the people - but it is still circling the drain.

The FTC protects consumers against "scams". That's one of the reasons why repealing McCarran was so important. Association policies aren't underwritten by the association. They employ a major insurance company to do their underwriting of the policies. States who barred them didn't bar them because they were worried about a "scam", they barred them to try to preserve the higher rates for the insurance companies selling policies in the individual market. Also, under HR 1101, these will be interstate business associations, like the Chamber of Commerce, for example, trade associations, professional associations, employee associations, all types of business associations.

Again, every business in the United States is subject to the Sherman Anti-Trust Act, except the insurance industry. The repeal of McCarran with respect to health insurance will correct that grotesque absurdity.

I will have to disagree about the reasons some might have been barred. It wasn't to keep the price of insurance up - it was because some unscrupulous people had scammed some honest business owners. Some unscrupulous people teamed up with either some pretty malleable or equally unscrupulous pastors to scam church members.

If someone is selling insurance, they need to abide by insurance laws - pure and simple.

Some of this 'insurance' was sold as insurance/investment - neither of which existed.


Again, now, any insurance company has only to buy a relatively few federal lawmakers - who are already have the set up in place for taking graft. They won't have to go around the country, visiting all state houses - all state legislators. State legislators who might have varied mindsets - not so in Washington. They won't have to convince the new, naive, high minded state lawmaker of the benefits of taking their monies. By the time lawmakers get to Washington or have been reelected once, their mindsets are one - 'where's my money - just give to my assistant.' Maybe it's 'donate to my foundation'. Maybe it's 'Give my wife/DIL/son a seat on your board'.

For anyone who has a problem with insurance companies - realize this legislation just made their lobbyist's jobs a lot easier. They won't have to even leave Washington now. If anyone is concerned about the American people, if they want a change, they are going to have to compete with all the money awash in Washington - can't see that working

I have no problem with insurance companies as soon as they're subject to the same federal laws as every other business in the country. I'm for free market, scams and all. Scams are illegal, same as many other illegal activities, and we have law enforcement and prosecutors to deal with it. On the federal level, all businesses subject to federal regulation under the Sherman Anti-Trust Act are regulated by the Federal Trade Commission which investigates and prosecutes fraud, unfair and deceptive trade practices, scams, predatory business schemes that take advantage of vulnerable individuals and businesses, all types of things that restrict competition and fair trade practices. All this is covered by the Sherman Anti-Trust Act. No reason for the insurance industry to be exempt from these important laws.

Iowa Obamacare market gets second big hit as insurer Aetna says it will drop out
CNBC-4 hours ago
Aetna also said Thursday that it is "still evaluating" if it will sell Obamacare plans in the three other remaining states where it currently does so.


Some Iowan counties will have no health insurance in 2018
Axios-Apr 3, 2017

More than 1 million in Obamacare to lose plans as insurers quit


Oct 14, 2016 - At least 1.4 million people in 32 states will lose the Obamacare plan they have ... That's largely caused by Aetna, UnitedHealth Group and some state or regional insurers quitting the law's markets for individual coverage. ... their customers to drop out, too

Originally Posted by Judy

I have no problem with insurance companies as soon as they're subject to the same federal laws as every other business in the country. I'm for free market, scams and all. Scams are illegal, same as many other illegal activities, and we have law enforcement and prosecutors to deal with it. On the federal level, all businesses subject to federal regulation under the Sherman Anti-Trust Act are regulated by the Federal Trade Commission which investigates and prosecutes fraud, unfair and deceptive trade practices, scams, predatory business schemes that take advantage of vulnerable individuals and businesses, all types of things that restrict competition and fair trade practices. All this is covered by the Sherman Anti-Trust Act. No reason for the insurance industry to be exempt from these important laws.

But we both know that everyone breaking federal laws and regulations do not get prosecuted or even investigated. It is so much easier to bribe Washington than each individual state.

We both know, actually, very few breaking the laws are subjected to any actions, by the feds.

Let's see, we just went through a housing bubble burst brought about by deceptive practices, scams, predatory business schemes, fraud and every other conceivable form of skullduggery. That was the only reason it happened. There was no crisis - except the lack of conscience on the part of all those who perpetrated the scam - the corporations, the politicians, the regulators who looked the other way. There was no 'happening' that could not have been foreseen. This was a planned and executed fleecing of the American people.

What does the federal government do? Bails them out, and never asked where all the money went?

How many of the thousands and thousands of crooks got prosecuted for that?

Who suffered for that - only the American people - average taxpaying American people. The rich guys didn't, the vile banks didn't - only our grandchildren who will be paying off the debt caused by the bail out.

Believe me, the insurance companies, are celebrating today that the feds have voted to protect them from the various states.