The Hill: State insurance officials say they are feeling pressure to approve large ObamaCare premium increases to prevent more insurers losing money from dropping out of the market altogether.
Tennessee’s insurance commissioner, Julie Mix McPeak, this week announced the approval of premium hikes of 62 percent, 46 percent and 44 percent, respectively, for the three insurers on the state’s marketplace.
There is not, after all, an infinity of infinitely divisible insurance companies. So, on the frontier of Obamacare we have discrete jumps in pricing as side effects become uncovered. The middle class ain't that liquid and cannot cover the yearly Q1 jolt to the pocket book..
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