Okay, folks, a big announcement on Monday by Anthem Blue Cross, Blue Shield. They've decided to pull out of the Obamacare exchange in Nevada completely. Previously, they said it would offer healthcare plans in three urban Nevada counties, but now instead of a partial withdrawal, they are all the way out of there now. After the pullout announcement, in Nevada's insurance
commissioner issued a happy talk statement. Her name is Barbara Richardson, and she said that she was optimistic that there will be coverage for consumers on the Obamacare exchange. Read between her line she's optimistic, she says in other words, she's not sure. And if she isn't sure, the new people in Nevada who were depending on Obamacare better make other plans. But why the sudden change of hearted Anthem? What happened to make the company go for the complete pull out?
The company blames political uncertainty surrounding Obamacare's future. In other words, it's imploding if folks, Anthems just the latest outfit to pull out of the exchanges, but they're not the last. In the next few months, as we enter the enrollment period, you'll see massive premium increases, and you'll likely see more
companies pulling the plug. The bottom line is that businesses hate uncertainty, and health insurance companies will do everything possible to make sure they don't get stuck holding the losing hand. The implosion that Trump talked about if Obamacare wasn't repealed is on the way. The dirty little secret is, that's the design, that's the intention.