Obamacare May Collapse Nationwide
Tennessee Sen. Lamar Alexander said Saturday that Obamacare exchanges in his home state are nearly ready to collapse, and he fears that other states will soon follow suit.
Origina Article By Sandy Fitzgerald | Saturday, 27 Aug 2016 06:57 PM
On Wednesday, The Tennessean, the largest newspaper in Alexander's state, reported in a front page story that the state's exchange is "very near collapse."
That means next year, Tennesseans will pay an "intolerable increase" of between 44 and 62 percent for their Obamacare plans than they paid last year, said Alexander, and if policyholders can't pay for it, the taxpayers will, as a large part of Obamacare premiums end up being funded with tax dollars.
The struggles will leave Americans with a choice as they enter the voting booths in November, said Alexander, warning that Democrats will tighten Washington's hold on private insurance choices.
"Democrats will spend more of your taxpayer dollars to prop up the collapsing Obamacare exchanges," said Alexander, while Republicans "want to help Americans struggling with the cost of health insurance immediately by working to give states more flexibility when it comes to individual and family options to buy health insurance plans outside the exchanges.