Tennessee’s Obamacare market is in serious trouble, according to the person who runs the state’s exchanges.
Julie Mix McPeak, the commissioner for Tennessee’s Department of Commerce and Insurance, told Nashville’s The Tennessean on Tuesday that increases in premium prices and the dwindling number of insurers in the state are causing serious stress in the state’s Affordable Care Act exchanges.
“I would characterize the exchange market in Tennessee as very near collapse … and that all of our efforts are really focused on making sure we have as many writers in the areas as possible, knowing that might be one,” McPeak said in an interview with The Tennessean’s Holly Fletcher.
“I’m doing everything I can to prevent a situation where that turns to zero.”
Parts of Tennessee have seen the number of insurers offering plans drop significantly, with four of the state’s eight exchange rating regions having one or zero choices for insurance companies, according to an analysis from healthcare consulting firm Avalere. – READ MORE
