August 23rd, 2016, 10:00 PM
Join Date: Dec 2013
This arizona county is about to lose all obamacare insurers
This Arizona County is About to Lose All Obamacare Insurers | The Daily Sheeple
This year has seen a lot of insurers pull out of various Obamacare exchanges, to the point where some exchanges only have one or two insurers left. Which has to make you wonder, what would happen if every insurance company pulled out of the system? Apparently Pinal County, Arizona is about to find out. This may wind up being the first county where there are no insurers offering Obamacare plans, after Aetna recently decided to pull out of Arizona. |
Blue Cross Blue Shield is still providing insurance on the countyís exchange, but they too plan to pull out of the exchange in 2017. Cynthia Cox of the Kaiser Family Foundation think tank told Business Insider that ďIf thatís the case, itís mostly going to be unaffordable for those who are already receiving subsidies. Theyíre no longer going to be eligible for the subsidies, and it is likely that private coverage is not going to be affordable without the subsidies.Ē
Fortunately, the residents of Pinal County who canít afford private coverage wonít be fined when tax day arrives. So essentially if Blue Cross Blue Shield canít be persuaded to stay, and no other company steps in, then Pinal County will return to the same state of affairs that existed before Obamacare was implemented.
This is just further proof that Obamacare is falling apart. As time goes on, itís becoming so financially unfeasible that the insurance companies canít stay profitable in many areas. If they keep pulling out of the exchanges, we wonít need to wait for Congress to repeal the Affordable Care Act.