Tennessee's top insurance official warns that the Affordable Care Act exchange is in danger of "collapsing" after approving major rate hikes for ACA plans in the state.
"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," Insurance Commissioner Julie Mix McPeak told The Tennessean. "I'm doing everything I can to prevent a situation where that turns to zero."
McPeak was appointed by Republican Gov. Bill Haslam to the position, so her stated skepticism of Obamacare is not surprising.
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