It looks like Obamacare is finally about to do exactly what it was created for: to fail. Knoxville Tennesee will soon not have any Obamacare providers left n the city which will likely leave 40,000 people without insurance. Due to Obama’s policy of not allowing inter -state competition, residents will have to look for private insurers either in or outside the state and as such will not have subsidy available.
But as has been stated by both Democrats and Republicans, this was always designed just to be a stepping stone to Government run Single payer. The insurance companies are making losses through Obmacare as was always intended and are therefore pulling out of the program; they have raised regular insurance prices to counteract their losses which means when Knoxville no longer has an Obamacare option, 40,000 people will likely not even be able to afford basic insurance.
As reported in the 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.