It’s not as if we need more proof that Obamacare is a complete and total failure in every conceivable way, but that’s precisely what we’ve got with the latest announcement coming out of Anthem Blue Cross Blue Shield.The insurer is now pulling out of Obamacare exchanges in the state of Nevada and in parts of Georgia.
The word “implosion” seems to sum up the future of the Affordable Care Act.The Washington Free Beacon has the details:
“Today, planning and pricing for ACA-compliant health plans has become increasingly difficult due to a shrinking and deteriorating individual market, as well as continual changes and uncertainty in federal operations, rules and guidance, including cost sharing reduction subsidies and the restoration of taxes on fully insured coverage,” the company said.
Anthem will only offer one catastrophic medical plan off the exchanges in Nevada next year.“Our commitment to members has always been to provide greater access to affordable, quality health care, and we will continue to advocate solutions that will stabilize the market and allow us to return to a more robust presence in Nevada in the future,” the company stated.
Less than two months ago, the health insurer announced it was exiting the Obamacare exchanges in three other states—Wisconsin, Ohio, and Indiana. Anthem cited similar reasons for exiting these states such as trouble pricing Obamacare plans and a volatile individual market.
According to data from the Centers for Medicare and Medicaid Services, due to insurers dropping out of the exchanges, 19 counties in the United States are projected to have no insurer next year.This is precisely why the GOP needs to get their act together and repeal and replace the Affordable Care Act as soon as possible.
Obama’s “legacy” has left enduring scars on our economy and has severely burdened small business owners and their employees alike.
What our nation needs is a free market solution that will open up the doors for increased competition, driving down costs the right way. The ACA doesn’t provide that, so it’s time for that to go.If the Republican Party wants to keep winning elections, they need to keep their word and get rid of this monstrosity.