On Tuesday, Commissioner Julie Mix McPeak, who runs Tennessee’s Department of Commerce and Insurance, announced that her department was approving massive premium increases for insurers providing individual health insurance policies through the Patient Protection and Affordable Care Act exchange in the state.
The percentage increases are stunning and prompted the commissioner to put them in context. Her context was more stunning than the increases themselves.
“I would characterize the exchange market in Tennessee as very near collapse,” McPeak said.
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